Dave Scott's total income is $52,000,but his taxable income is only $39,625.Therefore,his tax liability is $5,763.Dave's average tax rate is approximately ____ percent.
A) 11.1
B) 14.5
C) 15.0
D) 25.0
Correct Answer:
Verified
Q101: _ taxes are based on one's ability
Q102: Your average tax rate
A)equals your marginal tax
Q103: A tax that requires a higher-income person
Q104: Tax losses are created when deductions generated
Q105: Which of the following would be considered
Q107: You pay personal taxes on your calculated
Q108: The income of children over 18 years
Q109: Matt and Kat are in the 25
Q110: Judy Hays wants to give $3,200 to
Q111: There are now _ marginal tax rates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents