Percentage Rate 6% 10 20 28 Required: a. Taxpayer A's taxable income is $178,300. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $661,800. Compute B's tax and average tax rate. What is B's marginal tax rate? Bracket Income from -0 to $30,000 Income from $30,001 to $70,000 Income from $70,001 to $200,000 Income in excess of $200,000 Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer A's taxable income is $178,300. Compute A's tax and average tax rate. What is A's marginal tax rate? Note: Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount. Taxpayer A Income tax Average tax rate Marginal tax rate % % < Required A Required B >

Percentage Rate 6% 10 20 28 Required: a. Taxpayer A's taxable income is $178,300. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $661,800. Compute B's tax and average tax rate. What is B's marginal tax rate? Bracket Income from -0 to $30,000 Income from $30,001 to $70,000 Income from $70,001 to $200,000 Income in excess of $200,000 Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer A's taxable income is $178,300. Compute A's tax and average tax rate. What is A's marginal tax rate? Note: Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount. Taxpayer A Income tax Average tax rate Marginal tax rate % % < Required A Required B >

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 1P

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