Based on the following tax table, how is the tax payable on a taxable income of $64,000 calculated?
Taxable Income
$0 to $9,875
$9,876 to $40,125
$40,125 to $85,525
A.
10% x $9,875 +12% x ($40,125 - $9,875)+22% x ($85,525-$64,000)
B.
10% x $9,875 +12% x ($40,125 - $9,875)+22% x ($64,000 - $40,125)
OC.
22% x ($64,000-$40,125)
DD.
22% x ($85,525-$64,000)
Tax Rate
10%
12%
22%