If Rate Of The Income Amount Is More Over Than 21 500 21 500 79 400 2 150

Using the information provided in the table, who would you calculate the effective tax rate and the effective tax rate with credit?

If + Rate Of theIncome amountis more overthan – 21,500 -——21,500 _ 79,400 2,150 15% 21,50079,400 153,200 10,835 28% 79,400 153,200 233,050 31,499 153,200233,050 – Taxpayer Michael $10,025 0 $ 1,003Ted 25,664 35,000 _|—_l—_l—_l—_l—_l—_l 6) Complete the “income tax liability” and “effective tax rate colums" of the table above.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"