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Determine the effective tax rate for a taxable income of $63,425. Round the final answer to the nearest hundredth.

Determine the effective tax rate for a taxable income of $63,425. Round the final answer to the nearest hundredth.
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4 votes
Determine the effective tax rate for a taxable income of $63,425. Round the final answer to the nearest hundredth.

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User Ahdaniels
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8.7k points

1 Answer

4 votes

Answer:

The effective tax rate for a taxable income of $63,425 is 15.18%.

Explanation:

answered
User Dhaval Jivani
by
8.3k points
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