1. Carlos is a single taxpayer with $65,000 of total income and $60,000 of taxable income and...
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Question:
1. Carlos is a single taxpayer with $65,000 of total income and $60,000 of taxable income and tax liability of $8,949. What is Carlos' effective tax rate for 2021?
14.91%
20.30%
13.77%
22.00%
2. Jackie and Juan, married taxpayers, with total income of $140,000 and taxable income of $116,000. Their total tax is $15,494. What is Jackie and Juan's marginal tax rate for 2021?
11.07%
None of these are correct.
13.36%
22%
Related Book For
Calculus For Scientists And Engineers Early Transcendentals
ISBN: 9780321849212
1st Edition
Authors: William L Briggs, Bernard Gillett, Bill L Briggs, Lyle Cochran
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