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Question 32 2 points Save Answer Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children,
Question 32 2 points Save Answer Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions totaling $25,750. Their total income from wages is $169,100. Assume the following tax table is applicable: Married Couples Filing Joint Returns You Pay This Plus This Percentage Average Tax If Your Taxable Amount on the on the Excess over the Rate at Income Is Base of the Bracket Base Top of Bracket Up to $19,050 $0.00 10.0% 10.0% $19,050-$77,400 1,905.00 12.0 11.5 $77,400-$165,000 8,907.00 22.0 17.1 $165,000-$315,000 28,179.00 24.0 20.4 $315,000-$400,000 64,179.00 32.0 22.8 $400,000-$600,000 91,379.00 35.0 26.9 Over $600,000 161,379.00 37.0 37.0 What is their average tax rate? a. 17.93% b. 19.21% c. 16.3% d. 17.20% e. 14.64%
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