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Duela Dent is single and had $185,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax
Duela Dent is single and had $185,600 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate?ed Individuals)
Taxable Income | Tax Rate |
---|---|
$ 09,950 | 10% |
9,95040,525 | 12 |
40,52586,375 | 22 |
86,375164,925 | 24 |
164,925209,425 | 32 |
209,425523,600 | 35 |
523,600+ | 37 |
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