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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

  • 0.13%

  • 16.44%

  • 25.00%

  • 11.28%

  • 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

  • $437

  • $229

  • $221

  • $291

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