Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marc, a single taxpayer, earns $145,000 in taxable

Marc, a single taxpayer, earns $145,000 in taxable income and $4,500 in interest from an...

50.1K

Verified Solution

Question

Accounting

Marc, a single taxpayer, earns $145,000 in taxable income and $4,500 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2019, what is his effective tax rate? (Round your final answer to the nearest whole percent.) (Use Tax rate schedule)

Multiple Choice

  • 25.75 percent

  • 19.38 percent

  • 17.19 percent

  • 15.92 percent

  • None of the choices are correct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

What is the glomerulus, and what happens here? How is the glomerulus, the afferent arteriole, the...

Advance Math
1.2K views

Find the local maximum and minimum values and saddle point(s) of the function. If you have...

Physics
1.2K views

An atomic nucleus contains 56protons, for iron. Which force wouldthis nucleus apply on an electron...

Calculus
1.2K views

Evaluate the indefinite integral 4x 4 10 dz dx 4x

Calculus
1.2K views

Use the power series1/1+x = ?? n= ?? n=10 (-1)?x? , | x | <...

Algebra
1.2K views

Suppose that a particle moves along a straight line with velocity v t 9 2t...

Algebra
1.2K views

he scale diagram below shows the end of a gable roof for the shed The...

Algebra
1.2K views

Suppose h x For each function f x below find a function g x so...

Accounting
1.2K views

MBA Math x e chegg Study! Guided Solutions (101) The Godfather,...

Accounting
1.2K views

Selected data from Rundle Company follow: Required a. Compute the accounts...

Accounting
1.2K views

The contribution margin income statement of Unique Donuts for August 2016 follows: (Click...

Finance
1.2K views

1. You are planning to open a restaurant in Brickell. Following the initial investment of...