Multiple Choice
Anne,who is single,has taxable income for the current year of $38,000 while total economic income is $43,000 resulting in a total tax of $5,356.Anne's average tax rate and effective tax rate are,respectively,
A) 14.09% and 12.46%.
B) 12.46% and 14.09%.
C) 14.09% and 25%.
D) 12.46% and 25%.
Correct Answer:
Verified
Correct Answer:
Verified
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