In Problem 5 , what is the average tax rate? What is the marginal tax rate? Duela

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In Problem 5, what is the average tax rate? What is the marginal tax rate?

Duela Dent is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate her income taxes.

Taxable Income Tax Rate 0- 9,525 10% 9,525- 38,700- 38,700 82,500 12 22 82,500- 157,500 24 157,500- 200,000 200,000- 500,000 32 35 500,000+ 37

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Essentials of Corporate Finance

ISBN: 978-1260013955

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Nov 19, 2019 08:30 AM

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In Problem 5 , what is the average tax rate? What is the marginal tax rate? Duela

Question:

Taxable Income Tax Rate 0- 9,525 10% 9,525- 38,700- 38,700 82,500 12 22 82,500- 157,500 24 157,500- 200,000 200,000- 500,000 32 35 500,000+ 37

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The average tax rate is the total taxes paid divided by taxable income so Avera...View the full answer

Essentials of Corporate Finance

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