Question
The tax rates are as shown. Lasseters is a Limited Liability Partnership that currently has a taxable income of $155,000. What is the firms average
The tax rates are as shown. Lasseters is a Limited Liability Partnership that currently has a taxable income of $155,000.
What is the firms average tax rate?
Taxable Income Tax Rate $0 9,700 10 % $9,700 39,475 12 % $39,475 84,200 22 % $84,200 160,725 24 % $160,725 204,100 32 % $204,100 510,300 35 % $510,300 infinity 37 %
Multiple Choice
a. 21.00%
b. 20.24%
c. 24.00%
d. 16.39%
e. 10.96%
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Accounting and Auditing Research Tools and Strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
9th edition
1119441915, 1119441919, 978-1-119-3737, 9781119373629 , 978-1119441915
