If you have a taxable income of $452,290.00, What is your top marginal tax rate? Total tax
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If you have a taxable income of $452,290.00,
What is your top marginal tax rate?
Total tax bill?
Average tax rate?
Transcribed Image Text:
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 Tax rate 10% 12 22 24 32 35 37 Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 Tax rate 10% 12 22 24 32 35 37
Expert Answer:
Answer rating: 100% (QA)
Answer Explanation Tax Bracket 09700 970139475 3947684200 22 84201160725 24 1607262... 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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