Taxable Income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 5th attempt If you have a taxable income of $404,350.00, what is your top marginal tax rate? total tax bill? $1 average tax rate? 28.95 Tax rate 10% 12 22 24 32 35 37 35 % %

Taxable Income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 5th attempt If you have a taxable income of $404,350.00, what is your top marginal tax rate? total tax bill? $1 average tax rate? 28.95 Tax rate 10% 12 22 24 32 35 37 35 % %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Please help with total tax bill. and only typing solution sent me Thank you

Taxable Income
$0-$9,700
$9,701-$39,475
$39,476-$84,200
$84,201-160,725
$160,726-$204,100
$204,101-$510,300
Over $510,300
5th attempt
If you have a taxable income of $404,350.00, what is your
top marginal tax rate? 35
total tax bill? $|
Tax rate
10%
12
22
24
32
35
37
average tax rate? 28.95
%
%

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