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QUESTION 2 10 points Save Answer Al Barkley is single and earns $51,000 in taxable income. He uses the following tax rate schedule to calculate the taxes he owes. Up to $9.525 10 % $9,525 - $38,700 12 % $38,700 - $82,500 22 % $82,500 - $157,500 24 % What is Al's average tax rato? (Round your answer to 2 decimal places.) 15.31% 0.09% 8.88% 25.00% 14.04% A taxpayer with a taxable income of $57,856 and a total tax bill of $6,885 would have an average tax rate of percent. (Round your answer to 2 decimal places.) 16.01 9.90 13.51 11.90 8.20 QUESTION 4 10 points Save Answer Michele Walsh is considering an additional charitable contribution of $2,600 to a tax- deductible charity, bringing her total itemized deductions to $11,250. If Michele is single, is in a 35 percent tax bracket, and is not subject to a phase out of deductions, how much will this $2,600 contribution reduce her taxes? (Round your answer to the nearest whole number.) $0 $3,938 $1,035 $910 $2,600 I - 1 QUESTION 7 10 points Save Answer A taxable investment produced interest earings of $2,000. A person in a 27 percent tax bracket would have after-tax earnings at Round your answer to the nearest whole number) $540 $2,000 $1.485 $1.480 $735 QUESTION 10 points Save Awe Haley Thomas has adjusted gross come of $39.000. She paid $2,000 in property taxes during the year. How much of the tax can the include an tomized deduction 50 $2.800 $2.300 $1.825 $1,400 QUESTION 10 points are now When a taxpayer's income increase by $945 and the taxes owed increases from $7.007 to $8.077. the marginal tax rate is percent. (Round your answer to the nearest whole number) OOOOO 8 %% Kdo 500.000 nome. He the following the to cate the show Up to 10.505 10 0.525-53700 12 1.700-2500 22 $2.500 - 515750034 Cote the count of time trafomowe. Round your answer to decimal places) 1.000.00 $3.500.00 12.600.50 0.600.50 0.720.00 QUESTION 11 10 points A person 2100 medical and tedros income of SH.000 rowed to detect the amount of medica aperte that exceed 75 percentuated greencome to be the mount of deduction to round your to the new whole number S. 17.00 S000 300 2.300 QUESTION 11 10 points A person has $7.00 in medicala adjusted o income of $44.000, are lowed to detect the mount of me expenses and 70 percent gross income, what would be the more Deduction is in found your answer to the nearl whole number 14750 $7.00 $44.000 500 $3.300 QUESTION 12 10 points George Washbuma cargo 150.000, Horst on saving of 1.500, contribution to a traditionat account of $870, wd dividends from unds of 210. Gordo com would be $50,840 $50.210 561.500 $50 DOO QUESTION 5 10 points Save Answer A person who owes total federal income taxes of $4,360 but had total withholdings of $3,985 would: make a payment of $4.360. receive a refund of $4,360. make a payment of $375. receive a refund of $375. receive a refund of $3,985. OOO QUESTION 6 10 points Save Answer Mike Hansen has adjusted gross income of $30,100. During the year, Mike decided he needed a larger home. He purchased a home on a golf course in the same town as his first home. Mike incurred $5,500 in moving expenses. How much of this can he include as an itemized deduction? $700 $0 $550 $5,500 $4.340

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