If any could please help with question E & F
Answer for Question C is $37,500
e. Federal income Tax Amount
on $50400 = $6897.5
on rest $1500 @ 25% = $375
Total = $7272.5
what is Marginal rate which applies to your last dollar = 25%
f. Actually have to pay = $7272.5 - $1000 = $6272.5
Average tax rate relative to gross income =
$6272.5 / $65000 = 9.65%
For tax purposes, "gross income" is all the money a person receives in a given year from any sour...
this is the question TABLE 8.1 2016 Marginal Tax Rates. Standard Deductions, and Exemptions Daftarit, Married and Back dimarad, Partners legally served separate tax retur Married and the the Partners file single tak return Verarried and paying More than half the out of Supporting the partiet Married Filing Separately Tax Rate Single up to $9275 up to $9275 10% 15% 25% $9276 to $37,650 $37.651 to $91.150 $91.151 to $190,150 $190.151 to $413,350 $413,351 to $415.050 more than $415,050 28%...
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