Question
Marc, a single taxpayer, earns $76,000 in taxable income and $2,400 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax
Marc, a single taxpayer, earns $76,000 in taxable income and $2,400 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2019, what is his effective tax rate? (Round your final answer to two decimal places.) (Use Tax rate schedule)
| None of the choices are correct | ||
| 13.85 percent | ||
| 22.41 percent | ||
| 12.58 percent | ||
| 16.04 percent |
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
