Duela Dent is single and had $182,400 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 % % TABLE 2.3 Personal tax rates for 2021 (Unmarried Individuals) Taxable Income Tax Rate $ 0-9,950 10% 9,950-40,525 12 40,525-86,375 22 86,375-164,925 24 164,925-209,425 32 209,425-523,600 35 523,600+ 37
Duela Dent is single and had $182,400 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 % % TABLE 2.3 Personal tax rates for 2021 (Unmarried Individuals) Taxable Income Tax Rate $ 0-9,950 10% 9,950-40,525 12 40,525-86,375 22 86,375-164,925 24 164,925-209,425 32 209,425-523,600 35 523,600+ 37
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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