Question
How do you calculate statutory marginal tax rate, effective marginal tax rate, statutory average income tax rate, and effective average income tax rate? Given are:
How do you calculate statutory marginal tax rate, effective marginal tax rate, statutory average income tax rate, and effective average income tax rate?
Given are:
, and applying relevant information you get
where d represents deductions and w wage.
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
