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Check my work Problem 1-38 (LO 1-1) Determine the average amount of taxable tax ret information in the below table. Taxable Income and Total Tax
Check my work Problem 1-38 (LO 1-1) Determine the average amount of taxable tax ret information in the below table. Taxable Income and Total Tax Liability are in thousands. (Enter your answers in e income per tax return, for each of the ranges of taxable income provided, using the nearest dollar value.) Ranges of Adjusted Gross Income Under $15,eee to $3e,e00 to $5, eee to $100,e0 to $%20,eee or $15,e08 under $30,e under $se, eee under $18e,ee8 under $2e0, eee Item 18,932,828 Number of returns Taxable income 6,959,511 $21,397,029 $212,001,025 $564,350,669 $1,600, 848,472 $1,930,713,847 $2,994,244, 158 $ 1,826,539 18,583,289 $57,988,578 210,103,387 322,558,348 $ 835,714,234 27.91% 34,703,083 33,267,270 29,734,201 26,719,852 Total tax liability Average tax rate 16.71% 8.54% 8.77% 10.28% 13.12% Under $15,000 $15,000 to under $30,000 $30,000 to under $50,000 $50,000 to under $100,000 $100,000 to under $200,000 $200,000 or more
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