Rate 10% 12% 22% 24% For Single Individuals Up to $9,875 $9,876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 € Janice is single and makes $100,000. She calculated her taxes and felt another piece of her heart break when she realized what is her marginal rate, her tax bill, and her average rate were. What amounts did Janice calculate?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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J 7

Question 28
The following are tax brackets for a single person:
Rate
10%
12%
22%
24%
O 24%, $18,080, 18.08%
24%, $33,271, 33.27%
O 24%, $24,000, 24%
18%, $22,222, 22%
For Single Individuals
Janice is single and makes $100,000. She calculated her taxes and felt another piece of
her heart break when she realized what is her marginal rate, her tax bill, and her average
rate were. What amounts did Janice calculate?
22%, $18,666, 18.6%
Up to $9,875
$9,876 to $40,125
$40,126 to $85,525
$85,526 to $163,300
Transcribed Image Text:Question 28 The following are tax brackets for a single person: Rate 10% 12% 22% 24% O 24%, $18,080, 18.08% 24%, $33,271, 33.27% O 24%, $24,000, 24% 18%, $22,222, 22% For Single Individuals Janice is single and makes $100,000. She calculated her taxes and felt another piece of her heart break when she realized what is her marginal rate, her tax bill, and her average rate were. What amounts did Janice calculate? 22%, $18,666, 18.6% Up to $9,875 $9,876 to $40,125 $40,126 to $85,525 $85,526 to $163,300
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