Duela Dent is single and had $181,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. Income taxes Average tax rate Marginal tax rate % 32.00 %
Duela Dent is single and had $181,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. Income taxes Average tax rate Marginal tax rate % 32.00 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Problem 2-5 Calculating Taxes [LO 3]
Duela Dent is single and had $181,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the
average tax rate? What is the marginal tax rate?
Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the
average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16.
Income taxes
Average tax rate
Marginal tax rate
%
32.00 %](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcca344af-066d-4451-8efd-e4129415e7be%2Fd1286c5f-155c-40ee-bfe5-2e6c846b5dd2%2Fu6abdx9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 2-5 Calculating Taxes [LO 3]
Duela Dent is single and had $181,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the
average tax rate? What is the marginal tax rate?
Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the
average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16.
Income taxes
Average tax rate
Marginal tax rate
%
32.00 %
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