Question: Using the equation for combined incremental tax rate: Combined incremental tax rate (if deductions are itemized) = state tax rate + Fed tax rate (

Using the equation for combined incremental tax rate:

Combined incremental tax rate (if deductions are itemized) = state tax rate + Fed tax rate ( 1- state tax rate)

solve the following question. An unmarried individual in Kansas with a taxable income of about $150,000 has a federal incremental tax rate of 24% and a state incremental tax rate of 5.7%. What is his combined incremental tax rate XX%?

(Make it a whole number and round up.)

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