SOLUTION: What is the effective tax rate for an individual whose taxable income is $150,000 and owes $28,977.50 in taxes?
A. 19.3%
B. 20.3%
C. 22.5%
D. 24.2%
E. 25.0%
Algebra.Com
Question 1185192: What is the effective tax rate for an individual whose taxable income is $150,000 and owes $28,977.50 in taxes?
A. 19.3%
B. 20.3%
C. 22.5%
D. 24.2%
E. 25.0%
Answer by ikleyn(52788) (Show Source): You can put this solution on YOUR website!
.
To find the tax percentage, divide the smaller number by the greater number; then multiply the quotient by 100.
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On percentage, see the lesson
- Percentage problems
in this site.
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