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John is a single taxpayer with $169,680 in taxable income. What is his effective tax rate? Below is the tax rate schedule for a single
John is a single taxpayer with $169,680 in taxable income. What is his effective tax rate? Below is the tax rate schedule for a single taxpayer for 2021: If taxable income is over but not over $0 $9,950 $40,525 $86,375 $164,925 $209,425 $523,600 Select one: O a. 33.2% O b. 19.8% O c. 20.7% O d. 32% $9,950 $40,525 $86,375 $164,925 $209,425 $523,600 no limit the tax is: 10% of the amount over $0 $995 plus 12% of the amount over $9,950 $4,664 plus 22% of the amount over $40,525 $14,751 plus 24% of the amount over $86,375 $33,603 plus 32% of the amount over $164,925 $47,843 plus 35% of the amount over $209,425 $157,804.25 plus 37% of the amount over $523,600
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