What is the average tax rate for that individual

Reference no: EM133715922

Question: Assume a single taxpayer is taxed at 10% on the first $9,875 of taxable income, 12% on the next $30,250 of income, and at 22% for the following $45,400 of income. What is the average tax rate for that individual if his taxable income is $85,525?

Reference no: EM133715922

Questions Cloud

Establish truth regarding the kidneys : Establish a truth regarding the kidneys. Increased jugular venous pressure (JVP) and flank pain are signs of kidney disease.

Different range of motion activities patient : In this classroom activity you will review and research the different range of motion activities a patient can do.

What is the intrinsic value of your put option : You have a put option on Greyback Corp with a strike price of $50. Greyback is currently trading for $42, and the put option is trading for $11.

Experience by providing patient centered care : The RN that made a difference in Shameika's life made all the difference in her experience by providing Patient Centered Care.

What is the average tax rate for that individual : What is the average tax rate for that individual if his taxable income is $85,525?

Identify the key stakeholders and organizations : Identify the key stakeholders and organizations? Explain how to engage those individuals and organizations.

How much will you have after 50 years, after taxes : money in an index fund that has zero turnover, how much will you have after 50 years, after taxes (assuming that you take all of your money out after 50 years)

Proper approach to percussing the spleen : Propose a true statement regarding the proper approach to percussing the spleen.

Collaboration is essential in healthcare settings : AI rewrite Collaboration is essential in healthcare settings, and when a team member does not adhere to the spirit of working together,

User Account

All Pages