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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?

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

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 18Q: What are the tax rates for FICA Social Security and FICA Medicare? What are the maximum taxable...
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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?
Transcribed Image Text:What would be the average tax rate for a person who paid taxes of $14,645 on a taxable income of $50,500?
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