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using the provided table, calculate the effective tax rate for a single taxpayer with a tax...
Mathematics, 07.09.2019 23:20, miklff
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using the provided table, calculate the effective tax rate for a single taxpayer with a taxable income of $52,000.
single taxpayers: income brackets
tax income
tax owed
rate bracket
10% 0 to 9,525 10% of taxable income
9,526 to $952.50 plus 12% of the
12%
38,700 excess over $9,525
38,701 to $4,453.50 plus 22% of
82,500 the excess over $38,700
82,501 to $14,089.50 plus 24% of
24%
157,500 the excess over $82,500
157,501 to $32,089.50 plus 32% of
32%
200,000 the excess over $157,500
200,001 to $45,689.50 plus 35% of
35%
500,000 the excess over $200,000
22%
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