Below is a graph of the Murphys' annual expenses. If the Murphys' gross annual household income is $85,420, how much will they pay in federal taxes?a. $3,559.17b. $8,542.00c. $20,500.80d. $29,897.00​

[tex]\text{Hello there!}\\\\\text{We know that Murphy makes \$85,420}\\\\\text{However, we need to find how much he needs to pay in federal taxes}\\\\\text{Looking at the chart, you'll see that federal taxes is 24\%}\\\\\text{This means we have to multiply 85,420 by .24 to see how much he needs}\\\text{to pay}\\\\85420*.24=20500.8\\\\\boxed{\text{Answer: C). \$20500.8}}[/tex]