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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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<Ch 15: Homework
10 Question (3 points)
94% لي
SCORE
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals.
Taxable Income
Tax rate
$0-$9,700
10%
$9,701-$39,475
12
$39,476-$84,200
22
$84,201-160,725
24
$160,726-$204,100
32
$204,101-$510,300
35
Over $510,300
37
3rd attempt
If you have a taxable income of $343,540.00, what is your
QU
top marginal tax rate? 35
%
total tax bill? $
average tax rate?
%
e See
Transcribed Image Text:nb no nk <Ch 15: Homework 10 Question (3 points) 94% لي SCORE Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable Income Tax rate $0-$9,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 35 Over $510,300 37 3rd attempt If you have a taxable income of $343,540.00, what is your QU top marginal tax rate? 35 % total tax bill? $ average tax rate? % e See
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