Jennifer and Paul, who file a joint return, have taxable income of $82,825 and the following tax
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Jennifer and Paul, who file a joint return, have taxable income of $82,825 and the following tax liability:
$19,400 × 10% = $ 1,940.00
($78,950 − $19,400) × 12% = 7,146.00
($82,825 − $78,950) × 22% = 852.50
Total tax liability $ 9,938.50
Their average tax rate is:
a. 10%.
b. 12%.
c. 13%.
d. 22%.
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Related Book For 
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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