Answered: Walter White earned $85,000 taxable…

Walter White earned $85,000 taxable income last year. What is his effective tax rate (round to two decimal places){DO NOT INCLUDE %, IF IT IS 9.87% WRITE 9.87)?

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter12: Alternative Minimum Tax

Section: Chapter Questions

Problem 30P: Lisa records nonrefundable Federal income tax credits of 65,000 for the year. Her regular income tax...

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Walter White earned $85,000 taxable income last year. What is his effective tax rate (round to two decimal places){DO NOT INCLUDE %, IF IT IS 9.87% WRITE 9.87)?

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