Answer:

To calculate the tax payable on a taxable income of $64,000, we need to identify the tax brackets that apply to different portions of the income.

The tax brackets are as follows:

- $0 to $9,875: 10%

- $9,876 to $40,125: 12%

- $40,126 to $85,525: 22%

Now, let's calculate the tax using the options:

A. \(22\% \times (\$85,525 - \$64,000)\)

  - This option only considers the highest tax bracket.

B. \(10\% \times \$9,875 + 12\% \times (\$40,125 - \$9,875) + 22\% \times (\$64,000 - \$40,125)\)

  - This option considers all three tax brackets.

C. \(22\% \times (\$64,000 - \$40,125)\)

  - This option only considers the highest tax bracket.

D. \(10\% \times \$9,875 + 12\% \times (\$40,125 - \$9,875) + 22\% \times (\$85,525 - \$64,000)\)

  - This option considers all three tax brackets.

The correct option is **D** because it correctly incorporates the applicable tax rates for each relevant portion of the taxable income.

Explanation:

Answer:

The correct calculation for the tax payable on a taxable income of $64,000, based on the given tax table, would be:

• B. 10% x $9,875 + 12% x ($40,125 - $9,875) + 22% x ($64,000 - $40,125)