Say your income is $100K. Given the following tax brackets, what is your effective tax rate?

Tax rate	Taxable Income (Single)	Taxes paid by bracket
10%	Up to $11,000	$1,100
12%	$11,001 to $44,725	$4,047
22%	$44,726 to $95,375	$11,143
24%	$95,376 to $182,100	$1,110

Group of answer choices

24%

 18.08%

 17.4%

 22%

 

Say you and your spouse's combined income is $100K. How much would you pay in taxes for the 12% tax bracket?

Tax rate	Taxable Income (Married filing jointly)	Taxes paid by bracket
10%	Up to $22,000	$2,200
12%	$22,001 to $89,450	?
22%	$89,451 to $190,750	$2,321
24%	$190,751 to $364,200	N/A

Group of answer choices

$7,338

 $8,094

 $3,630

 $2,321

Answer rating: 100% (QA)

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