Question
Marc, a single taxpayer, earns $63,600 in taxable income and $5,360 in interest from an investment in city of Birmingham bonds. Using the U.S. tax
Marc, a single taxpayer, earns $63,600 in taxable income and $5,360 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2023, what is his average tax rate? (Use tax rate schedule.)
Note: Round your final answer to two decimal places.
Multiple Choice
14.62 percent
11.94 percent
11.71 percent
22.00 percent
None of the choices are correct.
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
