Question
Tameka has taxable income of $98,675 that is taxed as follows: $ 987.50 $9,875 x 10% = ($40,125 $9,875) x 12% 3,630.00 ($85,525 $40,125)
Tameka has taxable income of $98,675 that is taxed as follows: $ 987.50 $9,875 x 10% = ($40,125 $9,875) x 12% 3,630.00 ($85,525 $40,125) 22% = ($98,675 $85,525) 24% - 9,988.00 3,156.00 Total tax liability $ 17,761.50 Her marginal tax rate is: Multiple Choice O O 12% 24%. 18% 22%
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Accounting For Governmental And Nonprofit Entities
Authors: Jacqueline Reck, Suzanne Lowensohn, Daniel Neely
19th Edition
1260118851, 9781260118858
