Answered

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Lance's taxable income last year was $65,350. According to the tax table
below, how much tax does he have to pay if he files with the "Single" status?

Sagot :

ogorwyne

The amount of tax that Lance is going to have to pay under the single status is going to be $12,531

What is the single status tax system?

This is the status that is used by the people that are not married. In this system of filing taxes, the way that it is done is that the single filers would have to use the single status for the internal revenue service.

We have to multiply the income that is taxable from last year by 19.17%

= $65,350 * 19.17%

= $12531

Hence the amount that has to be taxed is going to be 12531

Read more on taxes here: https://brainly.com/question/25783927

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