Joe and Sally file for federal taxes as married filing jointly. They originally anticipated that they would pay a total of $28,765 in taxes on an estimated taxable income of $168,400. When they filed their taxes at the end of the year, they calculated their tax burden to be $30,193 on a taxable income of $174,351. What was Joe and Sally's actual average tax rate at the end of the year?

Answer rating: 100% (QA)

To find Joe and Sallys actual average tax rate we first need to calculate their effe... View the full answer