Married couple filing joint income tax return. Taxable income is 375,000. Tax rates are based off the following taxable income $233,350-$416,700. Amt paid on the bracket $52,222.50. Marginal rate is 33.0% Avg. tax rate at the top of the bracket 27.1% i need to know the federal tax liability, and their average tax rate and I need to see how you work the problem. Thx,
Married couple filing joint income tax return. Taxable income is 375,000. Tax rates are based off the following taxable income $233,350-$416,700. Amt paid on the bracket $52,222.50. Marginal rate is 33.0% Avg. tax rate at the top of the bracket 27.1% i need to know the federal tax liability, and their average tax rate and I need to see how you work the problem. Thx,
Fundamentals of Financial Management (MindTap Course List)
14th Edition
ISBN:9781285867977
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 8P: PERSONAL TAXES Joe and Jane Keller are a married couple who file a joint income tax return, where...
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Married couple filing joint income tax return. Taxable income is 375,000. Tax rates are based off the following taxable income $233,350-$416,700. Amt paid on the bracket $52,222.50. Marginal rate is 33.0%
Avg. tax rate at the top of the bracket 27.1%
i need to know the federal tax liability, and their average tax rate and I need to see how you work the problem. Thx,
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