0 **** % % % % Average Tax Rate **** 11.2 % % % %

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Using Table 3.6, calculate the marginal and average tax rates for a single taxpayer with the following incomes: (Do not round
intermediate calculations. Round your answers to 1 decimal place.)
a.
$
b. $
$
d. $
G.
9
Income
26,500
63,000
313,000
4,300,000
Marginal Tax Rate
12.0%
22.0%
35.0 %
37.0 %
Average Tax Rate
11.2 %
%
%
%
Transcribed Image Text:Using Table 3.6, calculate the marginal and average tax rates for a single taxpayer with the following incomes: (Do not round intermediate calculations. Round your answers to 1 decimal place.) a. $ b. $ $ d. $ G. 9 Income 26,500 63,000 313,000 4,300,000 Marginal Tax Rate 12.0% 22.0% 35.0 % 37.0 % Average Tax Rate 11.2 % % % %
Taxable Income ($)
Single Taxpayers
0-9,950
9,950-40,525
40,525-86,375
86,375-164,925
164,925-209,425
209,425-523,600
523,600 and above
Married Taxpayers Filing
Joint Returns
0-19,900
19,900-81,050
81,050-172,750
172,750-329,850
329,850-418,850
418,850-628,300
628,300 and above.
Tax Rate (3)
10%
12%
22%
24%
328
35%
378
Transcribed Image Text:Taxable Income ($) Single Taxpayers 0-9,950 9,950-40,525 40,525-86,375 86,375-164,925 164,925-209,425 209,425-523,600 523,600 and above Married Taxpayers Filing Joint Returns 0-19,900 19,900-81,050 81,050-172,750 172,750-329,850 329,850-418,850 418,850-628,300 628,300 and above. Tax Rate (3) 10% 12% 22% 24% 328 35% 378
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