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Al Barkley is single and earns $73,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes. Up to
Al Barkley is single and earns $73,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes.
Up to $9.525 | 10 | % | ||
$9,525 $38,700 | 12 | % | ||
$38,700 $82,500 | 22 | % | ||
$82,500 $157,500 | 24 | % | ||
What is Al's average tax rate? (Round your answer to 2 decimal places.)
Multiple Choice
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0.13%
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16.44%
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25.00%
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11.28%
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17.71%
Your bank statement shows a balance of $672. Your checkbook register shows a balance of $456. You earned interest of $8 and had a service charge of $13. There are no outstanding deposits. What is the amount of outstanding checks?
Multiple Choice
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$437
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$229
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$221
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$291
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