please Given answer accounting question What would be the average tax rate for a personwho paid taxes of $14,645 on a taxable incomeof $50,500?

Step 1: Define Taxable IncomeThe part of an individual's or business's income that is subject to…

Answered: What would be the average tax rate for…

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 21MCQ

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What would be the average tax rate for a person who paid taxes of $14,645 on a taxable income of $50,500?