Al Barkley is single and earns $73,000 in taxable income. He uses the following tax rate...

Al Barkley is single and earns $73,000 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 rate? (Round your answer to 2 decimal places.)

Multiple Choice

0.13%
16.44%
25.00%
11.28%
17.71%

Your bank statement shows a balance of $672. Your checkbook register shows a balance of $456. You earned interest of $8 and had a service charge of $13. There are no outstanding deposits. What is the amount of outstanding checks?

Multiple Choice

$437
$229
$221
$291

Solutions

Expert Solution

jeff jeffy answered 1 year ago

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