Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes s

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes s

Post by answerhappygod »

Using the 2019 marginal tax rates provided in the table below,find the marginal and average tax rates for the incomes shown. Giveall answers to two decimals.
1st attempt
Part 1 (2 points)
See Hint
What would be your federal income tax if your taxable income was$130,000.00? $ What is the average tax rate for $130,000.00 in taxableincome? %
Part 2 (2 points)
See Hint
How much tax would you owe if your income increased by $25,000to $155,000.00? $ What would be your average tax rate with $155,000.00 oftaxable income? %
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply