Following table is a personal taxable income schedule for a single filer. What is the approximate...
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Following table is a personal taxable income schedule for a single filer. What is the approximate average tax rate for a person who earns $85,000? From $0 $20,000 $50,000 To $20,000 $50,000 $100,000 Marginal Tax Rate 10% 15% 25% Following table is a personal taxable income schedule for a single filer. What is the approximate average tax rate for a person who earns $85,000? From $0 $20,000 $50,000 To $20,000 $50,000 $100,000 Marginal Tax Rate 10% 15% 25%
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Step 11 To calculate the average tax rate the total amount of tax paid ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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