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George is single and has taxable income of $19500. What is his tax? (Round answers to 2 decimal places, e.g. 52.75.) $2925.00. $2340.00. $2149.50. $1072.50.
George is single and has taxable income of $19500. What is his tax? (Round answers to 2 decimal places, e.g. 52.75.)
$2925.00.
$2340.00.
$2149.50.
$1072.50.
Paul has gross income of $53500. Paul has taxable income of $37000 and paid taxes of $4280. What is Paul's effective tax rate? (Round answers to 1 decimal place, e.g. 52.7.)
8.0%.
11.6%.
16.5%.
None of the other answer choices are correct.
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