Mr. Arizona earned $107,300 (adjusted gross income) in 2017. After application of the relevant legal provisions, his taxable income was $86,362. The relevant portion of the tax table reads: If taxable income is: At least But less than Your tax is 86,300 86,350 22,415 86,350 86,400 22,431 86,400 86,450 22,446 Approximately what average tax rate did Mr. Davidson pay?

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Mr Davidson not Mr Arizona paid an approximate average tax rate of ... View the full answer