An individual has a taxable income of $90,000 and paid total taxes of $27,000. Calculate their average tax rate.
An individual has a taxable income of $90,000 and paid total taxes of $27,000. Calculate their average tax rate.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 6CPA
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Transcribed Image Text:An individual has a taxable income of
$90,000 and paid total taxes of $27,000.
Calculate their average tax rate.
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