Multiple Choice
Briana,who is single,has taxable income for the current year of $78,000,resulting in a total tax of $15,271.Her total economic income is $98,000.Briana's average tax rate and effective tax rate are,respectively,
A) 19.58% and 15.58%.
B) 25% and 28%.
C) 19.58% and 25%.
D) 15.58% and 19.58%.
Correct Answer:
Verified
Correct Answer:
Verified
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