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Campbell, a single taxpayer, earns $284,000 in taxable income and $8,000 in interest from an investment in State of New Yo (Use the U.S. tax
Campbell, a single taxpayer, earns $284,000 in taxable income and $8,000 in interest from an investment in State of New Yo (Use the U.S. tax rate schedule.) (Do not round intermediate calculations. Round "Federal tax" to 2 decimal places.) a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? /10 oints awarded Scored Complete this question by entering your answers in the tabs below. eBook Req A Rege ( Reac , Read Req B Reqc ReqD Hint References What is her effective tax rate? Choose numerator Total tax $ 77,119.2 Effective Tax Rate Choose denominator Total income 276,000 27.94% ReqB Req D ) 2017 Tax Rate Schedule Schedule X-Single Schedule Z-Head of Household If taxable Income is over: But not over: If taxable Income is over: But not over: The tax is: The tax is: $ 0 $ 9,325 10% of taxable income $ 9,325 $ 37,950 $932.50 plus 15% of the excess aver $9,325 $ 37,950 $ 91,900 $5.226.25 plus 25% of the excess aver $37,950 $ 91,900 $191,650 $18.713.75 plus 28% of the excess aver $91,900 $191,650 $416,700 $46.643.75 plus 33% of the excess aver $191,650 $416,700 $418,400 $120.910.25 plus 35% of the excess over $416,700 $418,400 $121,505.25 plus 39.6% of the excess over $418,400 $ 0 $ 13,350 10% of taxable income $ 13,350 $ 50,800 $1,335.00 plus 15% of the excess over $13,350 $ 50,800 $131,200 $6,952.50 plus 25% of the excess over $50,800 $131,200 $212,500 $27,052.50 plus 28% of the excess over $131,200 $212,500 $416,700 $49,816.50 plus 33% of the excess over $212,500 $416,700 $444,550 $117,202.50 plus 35% of the excess over $416,700 $444,550 $126,950.00 plus 39.6% of the excess over $444,550 Schedule Y-2-Married Flling Separately Schedule Y-1-Married Flling Jointly or Quallfying Widow(er) If taxable Income is over: If taxable Income is over: But not over: The tax is: But not over: The tax is: $ 0 $ 18,650 10% of taxable income $ 18,650 $ 75,900 $1.865.00 plus 15% of the excess over $18,650 $ 75,900 $153 100 $10.452 50 plus 25% of the excess $ 0 $ 9,325 10% of taxable income $ 9,325 $ 37,950 $932.50 plus 15% of the excess over $9,325 $ 37,950 $ 76,550 $5,226.25 plus 25% of the excess nyer $37.950
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