Carol uses this graduated tax schedule to determine how much income tax she owes.
If taxable income is over. But not over-
The tax is:
$0
$7,825 10% of the amount over $0
$7,825
$31,850 $782.50 plus 15% of the amount over 7,825
$31,850
$64,250 $4,386.25 plus 25% of the amount over 31,850
$64,250
$97.925
$12,486.25 plus 28% of the amount over
64.250
$97.925
$174,850
$21,915.25 plus 33% of the amount over
97,925
$174,850
no limit
$47,300.50 plus 35% of the amount over
174,850
If Carol's taxable income is $89,786, how much income tax does she owe, to the nearest dollar?
a. $25,140
b. $12,654
c. $19,636
d. $37,626
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Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.