Question
Fres, a single taxpayer, earns $63,800 in taxable income and $5,380 in interest from an investment in State of Alaska bonds. Using the U.S. tax
Fres, a single taxpayer, earns $63,800 in taxable income and $5,380 in interest from an investment in State of Alaska bonds. Using the U.S. tax rate schedule for year 2022, what is Fred's effective tax rate? Note: Round your final answer to two decimal places. Multiple Choice
22.39 percent
13.95 percent
15.41 percent
11.65 percent
None of the choices are correct.
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
