Tameka has taxable income of $95,175 that is taxed as follows: $9,525 × 10% =$952.50($38,700 - $9,525) × 12% = 3,501.00($82,500 - $38,700) × 22% = 9,636.00($95,175 - $82,500) × 24% = 3,042.00Total tax liability$17,131.50Her average tax rate is:
A. 12%.
B. 22%.
C. 18%.
D. 24%.
Answer: C
You might also like to view...
The problem-solution sales approach requires salespeople from the selling organization to analyze the buyer's business to determine the problems the prospect is facing and then the most feasible solution
Indicate whether the statement is true or false
To truly engage customers in a fast-paced marketplace where push advertising has long lost its luster, companies must move outside of their more comfortable, traditional marketing strategy and programming
Indicate whether the statement is true or false
Differentiation provides protection against rivalry since brand loyalty lowers customer sensitivity to price and raises customer switching cost.
Answer the following statement true (T) or false (F)
Preferred stock that limits stockholders to receiving only the stated amount as a dividend is called:
A. Cumulative preferred stock. B. Participating preferred stock. C. Nonparticipating preferred stock. D. Callable preferred stock. E. Convertible preferred stock.