Use the following tax table to answer this
Taxable Income | Tax Rate | |||||
$ | 0 | - | 9,525 | 10 | % | |
9,525 | - | 38,700 | 12 | |||
38,700 | - | 82,500 | 22 | |||
82,500 | - | 157,500 | 24 | |||
157,500 | - | 200,000 | 32 | |||
200,000 | - | 500,000 | 35 | |||
500,000 | + | 37 |
Andrews Dried Fruit, LLC has taxable income of $930,000. How much does it owe in taxes?
Group of answer choices
$309,790
$$233,100
$141,750
$154,800
$$220,500
【General guidance】The answer provided below has been developed in a clear step by step manner.Step1/1We will calculate tax on the basis of given slab rate \( \begin{align*} \mathrm{Tax} & = \mathrm{{9{,}525}\times{10}\%+{\left({\left({38{,}700}-{9{,}525}\right)}\times{12}\%\right)}+{\left({\left({82{,}500}-{38{,}700}\right)}\times{22}\%\ri ... See the full answer