Duela Dent is single and had $195,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate her income taxes. What is the average tax rate? What is the marginal tax rate?
Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places. Enter the average and marginal tax rate answers as a percent rounded to 2 decimal places, e.g., 32.16.
Income taxes
Average tax rate
Marginal tax rate
Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places. Enter the average and marginal tax rate answers as a percent rounded to 2 decimal places, e.g., 32.16.
Income taxes | |
Average tax rate | |
Marginal tax rate | |