Question
The following information should be used for next 4 multiple choice questions. Following is a partial 2012 personal income tax schedule for a single filer:
The following information should be used for next 4 multiple choice questions. Following is a partial 2012 personal income tax schedule for a single filer: Taxable Income Beginning Ending Bracket Marginal Amount Amount Amount Tax Rate $1 $8,700 $8,700 0.10 $8,700 $35,350 $26,650 0.15 $35,350 $85,650 $50,300 0.25 1.The dollar amount of income taxes paid by a single filer who has taxable income of $8,700 would be:
2.The cumulative dollar amount of income taxes paid by a single filer who has taxable income of $35,350 would be:
3.The average tax rate for a single filer with taxable income of $35,350 would be:
4.The average tax rate for a single filer with taxable income of $50,350 would be:
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