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 ->
Customizable Word Problem Solvers
-> Finance
-> 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%
Log On
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):
