A certain state charges a 12 % tax rate on incomes up to $ 25 , 000

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A certain state charges a 12 % tax rate on incomes up to $ 25 , 000 and 16 % on income beyond that. If Rachel makes $ 33 , 000 per year, how much income tax will she pay? Round your answer to the nearest cent.

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Fundamental Financial Accounting Concepts

ISBN: 978-0078025907

9th edition

Authors: Thomas Edmonds, Christopher Edmonds

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Posted Date: Mar 22, 2024 01:10 AM

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A certain state charges a 12 % tax rate on incomes up to $ 25 , 000

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1 Identify the tax brackets In this case there are two tax brackets Income up to 25000 is taxed at a ... View the full answer

Fundamental Financial Accounting Concepts

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