Alan and Sara Winthrop are a married couple who file a joint income tax return.They have two children,so they claim a total of 4 exemptions.In addition,they have legitimate itemized deductions totaling $25,750.Their total income from wages is $237,500.Assume the following tax table is applicable:
What is their average tax rate?
A) 21.39%
B) 22.74%
C) 24.38%
D) 25.00%
E) 26.50%
Correct Answer:
Verified
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