Chapter $2$ HW $($i$)$

Saved

Help

Save & Exit

Submit

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion.

$1\mathrm{.}43$

points

Country A levies an individual income tax with the following rate structure:

Return to question

Ms$.$ Slattery's annual taxable income for years $1$ through $5$ is $$147,000.$ Ms$.$ Ochoa's taxable income for years $1$ through $4$ is $$17,500.$ In year $5,$ Ms$.$ Ochoa wins a lottery, resulting in taxable income of $$665,000$ for this one year. Assume the tax rate bracket has not changed.

Required:

a$.$ How much total income does each individual earn over the five$-$year period?

b$.$ Compute each individual's average tax rate for the five$-$year period.

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Compute each individual's average tax rate for the five$-$year period.

Note: Round your answers to $2$ decimal places.

$\backslash$table$[[,$Average Tax Rate$],[$Ms$.$ Slattery,$21\mathrm{.}43\backslash$times $,\%],[$Ms$.$ Ochoa,$25\mathrm{.}71\backslash$times $,\%]]$

Required $A$

Required B

Mc

Graw

Prev

$6$ of $6$

Next

Use the picture. It has all the info