Marc, a single taxpayer, earns $122,000 in taxable income and $3,800 in interest from an investment in city of Birmingham Bonds. Using the U. S. tax rate schedule for year 2018, what is his effective tax rate? (Use Tax rate schedules)
https://ezto-cf-media. mheducation. com/Media/Connect_Production/bne/ac counting/spilker_10e/taxrateschedul e2018.htm
Multiple Choice
24.99%
18.74%
19.91%
26.68%
None of the choices are correct.
Answers: 1
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