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 $80,000 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- 400 $1275 + 7% OF THE AMOUNT OVER $21,250 $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000 $0 $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.)
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 $80,000 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- 400 $1275 + 7% OF THE AMOUNT OVER $21,250 $6,787.50 + 7.75% OF THE AMOUNT OVER $100,000 $0 $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.)
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 18DQ
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See the attached image for my accounting questions.
![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 $80,000 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-
400
$0
$21,250
$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%2Fb1671184-11e9-4bd2-8d2c-8c9fd60144d7%2F468e3acb-ea35-4d47-b049-721574a37f44%2Freic036_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 $80,000 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-
400
$0
$21,250
$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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