2018 tax rate schedule

Check my work Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below. Req A Req B Req C Req D what is his effective tax rate? (Do not round intermediate ca lations. Round total tax to 2 decimal places.) Effective Tax Rate Choose numeratorChoose denominator otal tax Total income 2,439.50 irs 85,000 14.63%) 1 of 7 l Next > 27 Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,000 of additional deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. 8.21 % Marginal tax rate Marginal tax rate a. b. 21 0% Check my work Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S tax rate schedule Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below. Req A Req B Req C Req D what is his effective tax rate? (Do not round intermediate ca lations. Round total tax to 2 decimal places.) Effective Tax Rate Choose numeratorChoose denominator otal tax Total income 2,439.50 irs 85,000 14.63%) 1 of 7 l Next > 27 Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: a. If Chuck earns an additional $40,000 of taxable income, what is his marginal tax rate on this income? b. What is his marginal rate if, instead, he had $40,000 of additional deductions? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. 8.21 % Marginal tax rate Marginal tax rate a. b. 21 0%