Question
Jordan and Paul, a married couple have taxable income of $46,625, which is taxed as follows; $18,650 10% = $1,865.00 ($46,625-$18,650) 15%= $4,196.25 Total tax
Jordan and Paul, a married couple have taxable income of $46,625, which is taxed as follows;
$18,650 10% = $1,865.00 ($46,625-$18,650) 15%= $4,196.25
Total tax liability $6,061.25
The average tax rate
a. 10% b. 12.5% c. 13% d. 15%
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The Process Auditing Techniques Guide
Authors: J. P. Russell
1st Edition
0873895959, 978-0873895958
