Answer:
The right answer is "$31,399.75".
Step-by-step explanation:
The given value is:
Taxable income,
= $154,849
According to the question,
The tax amount will be:
= [tex]8,962.50 + (154,849 - 65,100)\times 25 \ percent[/tex]
= [tex]8,962.50+(89,749)\times 25 \ percent[/tex]
= [tex]8,962.50+22,437.25[/tex]
= [tex]31,399.75[/tex] ($)
