Refer to exhibit 11-4. if a person's taxable income is $90,000, how much does he pay in taxes?

a. $22,500.

b. $19,250.

c. $17,600.

d. $8,780.

$15,679.50

Explanation:

If we use the 2020 tax brackets and consider this person is a single filer, his/her taxable income would fit into the fourth tax bracket:

taxes owed = $14,605.50 + [($90,000 - $85,525) x 24%] = $14,605.50 + $1,074 = $15,679.50

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.