Question: Using the equation for combined incremental tax rate solve the following question. An unmarried individual in California with a taxable income of about $80,000 has
Using the equation for combined incremental tax rate solve the following question. An unmarried individual in California with a taxable income of about $80,000 has a federal incremental tax rate of 22% and a state incremental tax rate of 9.7%. what is his combine incremental tax rate XX% if deductions are itemized (first solution)? (make it a whole number and round up).
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