Solved

Marc, a Single Taxpayer, Earns $60,000 in Taxable Income and $5,000

Question 6

Multiple Choice

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham bonds.Using the U.S.tax rate schedule for 2019, what is his average tax rate (rounded) ? (Round your final answer to the nearest whole percent.) (Use tax rate schedule.)


A) 15.10 percent
B) 12.73 percent
C) 11.35 percent
D) 22.00 percent
E) None of the choices are correct

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions