Taxable income
Rate
Using the previous tax table, compute the tax liability for theindividual in the scenario presented, rounding the liability to thenearest dollar. In addition, use the dropdown lists to identify themarginal tax rate and average tax rate for the individual in thescenario.
Hilary’s Tax Scenario:
Hilary is a professional with taxable income of $60,200. What isHilary’s total tax liability? (Note: Round your answerto the nearest cent, if necessary.)
What is Hilary’s top marginal tax rate?
What is Hilary's average tax rate?
Taxable income Rate Using the previous tax table, compute the tax liability for the individual in the scenario presented
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am