Kim Lee is single and earns $32,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes. Up to $9.525 $9,525 $38,700 $38,700 $82,500 $82,500 $157,500 : 10% 12% 22% 24%. Calculate the dollar amount of estimated taxes that Kim owes. Multiple Choice : a.$3,200.00 b.$3,649.50 c.$3,840.00 d.$7,040.00 e. $7,680.00
