Question
If you have a taxable income of $452,290.00, What is your top marginal tax rate? Total tax bill? Average tax rate? Use the 2019 U.S.
If you have a taxable income of $452,290.00,
What is your top marginal tax rate?
Total tax bill?
Average tax rate?
Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. Taxable income $0-$9,700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-$204,100 $204,101-$510,300 Over $510,300 Tax rate 10% 12 22 24 32 35 37
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Answer Explanation Tax Bracket 09700 970139475 3947684200 22 84201160725 24 1607262...Get Instant Access to Expert-Tailored Solutions
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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