Instructio 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 $82,000 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 than: but not your tax is: over: 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 $1275+7% OF THE AMOUNT OVER $21,250 $6,787.50+7.75% OF THE AMOUNT OVER S100,000 SO $21,250 $21,250 $100,000 $100,000 Steve and Claire's 2013 NC tax is: S (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.)

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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Števe and Claire are married, and both lived and worked in North Carolina for the entire 2013 tax year. Their
total adjusted gross income was $82,000 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
than:
your tax is:
over:
6% OF THE NC TAXABLE INCOME AMOUNT ON FORM
D-400
$1275+7% OF THE AMOUNT OVER $21,250
$6,787.50 + 7.75% OF THE AMOUNT OVER S100,000
So
$21,250
$21,250
$100,000
$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.)
Transcribed Image Text:Instruction Števe and Claire are married, and both lived and worked in North Carolina for the entire 2013 tax year. Their total adjusted gross income was $82,000 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 than: your tax is: over: 6% OF THE NC TAXABLE INCOME AMOUNT ON FORM D-400 $1275+7% OF THE AMOUNT OVER $21,250 $6,787.50 + 7.75% OF THE AMOUNT OVER S100,000 So $21,250 $21,250 $100,000 $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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ISBN:
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Publisher:
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