Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in
interest from an investment in city of Birmingham Bonds. Using the U. S.
tax rate schedule for year 2014, how much federal tax will he owe?
A. $15,000.00
B. $12,375.00
C. $10,856.25
D. $9,412.50
E. None of these
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