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Here is a table and some information. I need assistance filling in the blanks.

Table A
On Taxable Income The Tax Rate is
Up to $27,050 15.0%
From $27,051 to $65,550 27.5%
From $65,551 to $136, 750 30.5%
From $136,751 to $297,350 35.5%
Over $297,350 39.1%

Tax Payer income Tax amount Average tax rate
John $52,700
Todd $132,500
Glen $237,000
Jake $315,250

Please help me find tax amount and average tax rate.

2007-03-28 06:34:16 · 3 answers · asked by Scippio of Light 5 in Business & Finance Taxes Other - Taxes

3 answers

I will do one for you.

Sam $30,000

27050*.15=4057.50

30000-27050= 2950

2950*.275=811.25

811.25+4057.50=4868.75

4868.77/30000=.16229 = about 16%

2007-03-28 08:02:28 · answer #1 · answered by CarVolunteer 6 · 0 0

Sorry, but you're going to have to do your homework yourself.

2007-03-28 13:42:18 · answer #2 · answered by Bostonian In MO 7 · 0 1

Pi - R squared.....................Cake is Round

2007-03-28 18:13:40 · answer #3 · answered by itsmyopinionsothere 7 · 0 1

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