and taxable income is ouang your tax is: than: over: 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D- $ 0 $21,250 400 $21,250 $100,000 $1275 + 7% OF THE AMOUNT OVER $21,250 $100,000 $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000 Steve and Claire's 2013 NC tax is: $ (Round to the nearest dollar.) What is Steve and Claire's effective tax rate? [Tax paid divided by taxable income] (Write as a percent, rounded to one decimal place.)
and taxable income is ouang your tax is: than: over: 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D- $ 0 $21,250 400 $21,250 $100,000 $1275 + 7% OF THE AMOUNT OVER $21,250 $100,000 $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000 Steve and Claire's 2013 NC tax is: $ (Round to the nearest dollar.) What is Steve and Claire's effective tax rate? [Tax paid divided by taxable income] (Write as a percent, rounded to one decimal place.)
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 18DQ
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![Steve and Claire are married, and both lived and worked in North Carolina for the entire 2013 tax year.
Their total adjusted gross income was $79,000 and they qualified for the standard deduction of $6000 and
exemption of $2500 (per person). Use the following 2011-2013 NC tax rate schedule (taken from
http://www.dor.state.nc.us/taxes/individual/rates.html) to calculate her 2013 NC tax.
If your filing status is married, filing jointly or qualifying widow or widower;
and taxable income is more
but not
your tax is:
than:
over:
6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-
$ 0
$21,250
400
$21,250
$100,000
$1275 + 7% OF THE AMOUNT OVER $21,250
$100,000
$6,787.50 + 7.75% OF THE AMOUNT OVER $100,000
Steve and Claire's 2013 NC tax is: $
(Round to the nearest dollar.)
What is Steve and Claire's effective tax rate? [Tax paid divided by taxable income]
(Write as a percent, rounded to one decimal place.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa454c6e-45bf-4590-aa08-a6fd9abe89bb%2F21ae81b4-402a-470f-b5f6-85c9ab567913%2Fcl8cgg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Steve and Claire are married, and both lived and worked in North Carolina for the entire 2013 tax year.
Their total adjusted gross income was $79,000 and they qualified for the standard deduction of $6000 and
exemption of $2500 (per person). Use the following 2011-2013 NC tax rate schedule (taken from
http://www.dor.state.nc.us/taxes/individual/rates.html) to calculate her 2013 NC tax.
If your filing status is married, filing jointly or qualifying widow or widower;
and taxable income is more
but not
your tax is:
than:
over:
6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-
$ 0
$21,250
400
$21,250
$100,000
$1275 + 7% OF THE AMOUNT OVER $21,250
$100,000
$6,787.50 + 7.75% OF THE AMOUNT OVER $100,000
Steve and Claire's 2013 NC tax is: $
(Round to the nearest dollar.)
What is Steve and Claire's effective tax rate? [Tax paid divided by taxable income]
(Write as a percent, rounded to one decimal place.)
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