Duela Dent is single and had $192,000 in taxable income. Using the rates from Table 2.3,...

 

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Duela Dent is single and had $192,000 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. Income taxes Average tax rate Marginal tax rate % % TABLE 2.3 Personal tax rates for 2021 (Unmarried Individuals) Taxable Income $ 0-9,950 9,950-40,525 40,525-86,375 86,375-164,925 164,925-209,425 209,425-523,600 523,600+ Tax Rate 10% 12 22 24 32 35 37 Duela Dent is single and had $192,000 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. Income taxes Average tax rate Marginal tax rate % % TABLE 2.3 Personal tax rates for 2021 (Unmarried Individuals) Taxable Income $ 0-9,950 9,950-40,525 40,525-86,375 86,375-164,925 164,925-209,425 209,425-523,600 523,600+ Tax Rate 10% 12 22 24 32 35 37

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NOTEThe first 9950 is taxed at 10 the next 40525995030575 is taxed at 12 the next 863754052545... View the full answer