Asked Jan 13, 2020

Dave Scott's total income is $52,000, but his taxable income is only $39,625. Therefore, his tax liability is $5,763. Calculate Dave's average tax rate. Show your work.


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Step 1


Finance homework question answer, step 1, image 1
Step 2

Computation of average tax rate:

Hence, the average t...

Finance homework question answer, step 2, image 1

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