If you could help me out with this problem that would be
amazing! thanks for any help
Homework Answers
| Tax on $140500 = 8907+(140500-77400)*22%= $22789 |
| a |
| Taxable income = 140500+103000= $243500 |
| Tax on $243500 = 28179+(243500-165000)*24%= $47019 |
| Marginal tax rate = (47019-22789)/103000= 23.52% |
| b |
| Taxable income = 140500-103000= $37500 |
| Tax on $37500 = 1905+(37500-19050)*12%= $4119 |
| Marginal tax rate = (22789-4119)/103000= 18.13% |
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If you could help me out with this problem that would be
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If you could help me with this that would be amazing,
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Required:
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What is her marginal rate if, instead, she had $15,000 of
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None of the choices are correct.
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