Question 17 of 25 Garth's taxable income last year was $97.450. According to the tax table
below, how much tax does he have to pay if he files with the Single status?
line
table
Income)
And you are
But
tan
Single Married Manie
Fing
ola
only be I house
rately held
Your taxis
97,000
97.000 97.050 20.887 16 631 21.299 19,109
07,050 97,100 20,001 16,644 21 313 10,121
97.100 97,150 20,915 16.656 21,327 19,134
97.150 97.200 20,029 16.600 21,341 19,146
07.200 97.250 20.043 16.681 21,355 19.150
97.250 97,30020,957 16,694 21,369 10,171
97,300 97,350 20,971 16,706 21.383 10,184
97,350 97.400 20,085 16.719 21,397 19,196
97.400 07.450 20,000 16.731 21,411 19,209
97450 97.500 21,013 16,744 21,425 19.221
97.500 97.550 21,027 16,756 21.439 19234
07.550 97.600 21.041 16,700 21.453 10.246
97,600 97,650 | 21,055 16,781 21.467 19.250
97.650 97.700 21.000 16,794 21.481 19.271
97.700 97.750 21.080 16.000 21.495 10.284
97,750 97.000 21,007 16,819 21.500 19.296
97,000 97.850 21,111 16,831 21.523 19,309
97,850 97.000 21.125 10,844 21.537 19,321
97.000 97.950 21,130 16.856 21.551 19 334
97,050 98.000 21,153 16,800 21.565 10,346
O A. $16,731
O B. $21,013
O C. $20,999
OD. $16,744

For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar. spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements. cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery. rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer. gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life. esquire company provides financial statements to external users every three years.