Use the marginal tax rate chart to answer the question.


Marginal Tax Rate Chart
Tax Bracket Marginal Tax Rate
$0–$10,275 10%
$10,276–$41,175 12%
$41,176–$89,075 22%
$89,076–$170,050 24%
$170,051–$215,950 32%
$215,951–$539,900 35%
> $539,901 37%


Determine the effective tax rate for a taxable income of $145,690. Round the final answer to the nearest hundredth.
24.39%
22.00%
19.81%
17.00%

Answers

Answer 1

Answer:

The effective tax rate for a taxable income of $145,690 would be 24.39%.

Step-by-step explanation:

To find the effective tax rate, you need to calculate the total amount of tax paid on the taxable income, and then divide that amount by the taxable income, and multiply by 100 to express it as a percentage.

We can see from the marginal tax rate chart that for a taxable income of $145,690, the marginal tax rate is 24%. This means that the last dollar earned falls in the 24% tax bracket.

We can calculate this in the following steps:

Determine the taxable income in each tax bracket:

$10,276 - $41,175: $41,175 - $10,276 = $30,899

$41,176 - $89,075: $89,075 - $41,176 = $47,899

$89,076 - $170,050: $145,690 - $89,076 = $56,614

Calculate the taxes owed in each tax bracket:

$10,276 - $41,175: $30,899 x 12% = $3,707.88

$41,176 - $89,075: $47,899 x 22% = $10,526.78

$89,076 - $170,050: $56,614 x 24% = $13,547.36

Add up the taxes owed in each bracket to find the total taxes: $3,707.88 + $10,526.78 + $13,547.36 = $27,782.02

Divide the total taxes by the taxable income and multiply by 100 to find the effective tax rate: $27,782.02 / $145,690 x 100 = 19.02%

The effective tax rate for a taxable income of $145,690 would be 19.02%.

It's worth to mention that this is a rough estimate and The final tax calculation would be provided by a tax preparer or software and it would take into account many deductions, credits and any other tax benefits that would affect the final calculation.


Related Questions

find the area of the shape using Pythagoras Theorem please​

Answers

Answer:

122.09 (the answer may change depending on how many decimals you need if you need more or less just follow the steps using however many decimals)

Step-by-step explanation:

to get the other triangle side do 18-11= 7

then use the Pythagoras theorem to solve for the other side so 7^2+b^2=11^2

49+b^2= 121

121-49= b^2

72=b^2

b= 8.48(simplified)

then use that side to get the area of the rectangle:

8.42×11=92.62

then get area of the triangle:

1/2(8.42×7)=29.47

add the 2 areas to get total area:

92.62+29.47=122.09

I really need help with this

Answers

Answer:

3

Step-by-step explanation:

I recall seeing this question. If I'm wrong, let me know.

Please answer the pictures provided

Answers

Answer:

-6-3

Step-by-step explanation:

You have two cans of paint, Can A and Can B. Can A contains 80% red paint and 20% blue. Can B contains half blue and half red. How much blue paint should be added to 3 liters of Can A to make it the same as Can B?

Answers

Answer:

0.9 liters.

Step-by-step explanation:

The difference between 20% of 3 and 50% of 3 is 30%. 30% of 3 liters is 0.9 liters so this is what you add to can A.

please help for brainlist ASAP and explain or no brainlist

Answers

Answer:

A

Step-by-step explanation:

because as you see the odd number is 1 its A  

Answer:it’s 1/3 because it would be 1/2 to get two even number or odd so it’s 1/3

Step-by-step explanation:there’s 3 even numbers on one dice and it’s 1/2 a chance to get even and same for odds so with two dices it’s 1/3 because it’s 1/3 to get both evens and 1/3 to get both odds so it’s 1/3

Which is a correct classification for the triangle?
O obtuse triangle
O right triangle
O acute triangle
O equiangular triangle

Answers

Answer:

obtuse triangle is the correct classification for the triangle

The correct classification of the triangle should be considered as the obtuse triangle.

What is the obtuse triangle?

In the obtuse triangle here one of the angle should be considered as the obtuse angle.

In the case when the sum of the squares of the two shorter sides of a triangle should be smaller than the square of the longest side so it considered as the obtuse triangle.

Learn more about triangle here: https://brainly.com/question/22176005

Consider the quadratic function: f (x) = 5x2 + 20x + 20. What are the zeros of the function using completing the square?

Answers

Step-by-step explanation:

step 1. f(x) = 5x^2 + 20x + 20

step 2. f(x) = 5(x^2 + 4x + 4)

step 3. f(x) = 5(x + 2)^2

step 4. 0 = 5(x + 2)^2

step 5. zeros: -2

please help me i need to get this done

Answers

Total ratio 5 + 6 = 11
33 ÷ 11 = 3
Total no. of students wearing Sneakers = 5×3 = 15

Answer:

15 students are wearing sneakers.

Step-by-step explanation:

There are 33 students in total, which will compare to 11 (5+6).

33 ÷ 11 = 3

The scale factor is 3.

Sneakers: 3 x 5 = 15 students

Which of the values in the set {2, 3, 4, 5} is a solution to the equation 2x + 4 = 10? (4 points) a 2 b 3 c 4 d 5

Answers

Answer:

B: 3

Step-by-step explanation:

2x

x=3 3times2= 6

6+4 =10

Hope this helps

a student has a savings account with $475 in in it. She deposits $125 of her paycheck into the account every week. Her goal is to save 7,000 for college. How long will it take her to reach her goal of $7000?

Answers

Answer:

52.2 weeks

Step-by-step explanation:

7000 - 475 = 6,525

6525 ÷ 125 = 52.2

Answer:

It will take her 53 weeks to get her goal of 7,000$

Step-by-step explanation:

I subtracted 475 from 7,000 to see how much she needed to save for. I got 6525. I multiplied 125 times 52 and got 6500. To get to her goal she needs 25 more dollars so, she'll have to work another week to get to that goal.

:)

2^2/5+ 3^1/10
HELP ASAP

Answers

Answer:

[tex]\sqrt[5]{4}[/tex]  + [tex]\sqrt[10]{3}[/tex]

Step-by-step explanation:

We sure can write 2^2/5+ 3^1/10 as [tex]2^{\frac{2}{5} } + 3^{\frac{1}{10} }[/tex]

// use the [tex]a^{\frac{m}{n} } =\sqrt[n]{a^{m} }[/tex] to transform the expression

Convert [tex]2^{\frac{2}{5} }[/tex] to [tex]\sqrt[5]{2^{2} }[/tex] = [tex]\sqrt[5]{4}[/tex]                        (here a = 2, n = 5, m = 2)

Then convert  [tex]3^{\frac{1}{10} }[/tex] to [tex]\sqrt[10]{3^{1} }[/tex] = [tex]\sqrt[10]{3}[/tex]             (here a = 3, n = 10, m = 1)

Now we get  [tex]2^{\frac{2}{5} } + 3^{\frac{1}{10} }[/tex] = [tex]\sqrt[5]{4}[/tex]  + [tex]\sqrt[10]{3}[/tex] . This is the simplified form, which is the answer.

Bella has a cell phone plan in which she pays for each call minute and text message she sends. The total number of minutes used and text messages sent last month was 561. If call minutes cost 8 cents each and text messages cost 5 cents each and her bill was $34.26. how many minutes did she use?

Answers

Answer:

⇒Let the no. of call minute be = x

⇒& no. of text messages be = y

⇒As total number of minutes used and text messages sent last month was 561

So x + y = 561.................................(1)

⇒Now as call minutes cost 8 cents each and text messages cost 5 cents each and her bill was $34.26

So 8x + 5y = 3426............................(2)

On solving equation 1 & 2 we have

we got x = 354 cent

& y = 207 cent

Answer:

Step-by-step explanation:

x (354,307)

April wrote two equations to represent this system of equations. She wrote: y = 5x +
I and y = 14x - 10. Do you agree or disagree with April?

Answers

Answer:

Disagree

Step-by-step explanation:

The lines are parallel, which means they have different y-intercepts but the same slope.

April's two equations have different slopes (5 and 14), so they do not properly represent two parallel lines.

A large rectangular box has a volume of 15.75 cubic feet. The box is 2.5 feet long and 1.5 feet wide. What is the height of the box?

Answers

Answer:

2.5 x 1.5= 3.75

15.75/3.75=4.2

Answer- 4.2

Step-by-step explanation:

The total cost of flooring a room at Rs .9.50 per square meter is Rs 760, If the length of the room is 10 m, find its breadth.

Answers

Answer:

8 metre

Step-by-step explanation:

cost of flooring per square metre = Rs .9.50

total cost of flooring= Rs760

Area of room= 760/9.50

= 80 m^2

Area of the given room= Lenght × Breadth

length of the room is = 10 m

80= 10 × Breadth

Breadth= 80/10= 8 m

Hence, breadth of the room is 8metre

The present age of Arun’s father is three times that of Arun. After 5 years,
what will be their ages?

Answers

Answer:

Arun father age will be 3X+5 and his age will be X+5

What is the percentage of sugar in the syrup made of 10kg of water and 5kg of sugar? Thx!

Answers

answer / 50% i think ?.....

Answer:

total=15 kg

so 5/15*100

=33.3

Step-by-step explanation:

Tell weather each pair is parallel, perpendicular, or neither: 8x – 2y = 3
x + 4y = -1

Answers

Neither. 8x-2y=3 is y=4x-3/2 and x+4y=-1 is y=1/4x-1/4. To be perpendicular the slopes need to be opposite and reciprocal. the slopes in this question are only reciprocals.

Diego hosted a spaghetti dinner for the soccer team. He made 6 boxes of spaghetti to feed the 20 people that came. Next time, 50 people are coming! How many boxes of spaghetti should Diego buy to feed all those people? Explain or show your reasoning.

Answers

6 boxes of spaghettis for 20 persons so that means 12 boxes for 40 persons since there are 50 persons we have 10 persons left since 10 is equals to 20 divided by 2, divide 6 by 2 which is equals to 3 then add 12
Answer: 15

When h(1)=-2, and h(n)=h*(n-1)+n, what is h(2)=

Answers

Answer:

h(2)=0

Step-by-step explanation:

That’s what I got when I got it wrong and I asked for the answer and I promise it’s 0

Answer:

its 0

Step-by-step explanation:

Please help me to solve this!​

Answers

Answer:

7 days im not sure

Step-by-step explanation:

can you trying giving us the answer that comes with the question if they have them  

Which of these ordered pairs is a solution to the inequality y - 2x < -3? ( (2,4) (-2, 3) (3, 4) (1,-1)​

Answers

Answer:

(3, 4)

Step-by-step explanation:

what’s the answer, help please !

Answers

4(5x - 2) - 2(9 - 3x)

= 26x - 26



Nancy was baking a cake for her mom's birthday. She spent
of her time measuring
the ingredients and of her time mixing. If Nancy spend 35 minutes on these two
4.
activities, how many total minutes did she spend baking?

Answers

34 divided by 4 is 8.5 minutes in all 4 activities.

The answer is 4 activities sorry if I am wrong......

What is the value of the expression 52 + 22?

Answers

Answer:

55 + 22 = n

= 77

n = 77

Hope this helps! :D

Step-by-step explanation:

8•3=(n divided by 3)

Answers

Answer:

N= 72

Step-by-step explanation:

8x3= 24

24x3=72

check: 72/3= 24

A bag contains 5 red marbles, 6 blue marble, 3 green marbles, 4 black marbles, 2 yellow marbles. A marble will be drawn from a bag and replaced 200 times. What is a resonanle predition for each times a yellow or green marble will be drawn

Answers

Answer:

50 times

Step-by-step explanation:

Red = 5 ; blue = 6 ; green = 3 ; black = 4 ; yellow = 2

Total number of marbles :

(5 + 6 + 3 + 4 + 2) = 20

Probability of drawing a yellow or green marble :

P(yellow) + p(green)

(2 / 20) + (3 / 20)

5 / 20

Hence, Number of times from 200 draws :

(5 / 20) * 200

= 50

Which transformation would take Figure A to Figure B

Answers

Answer:

6 squares to right and 6 squares down

Step-by-step explanation:

Go with the coordinate (-1, 5) on shape A

Hope it helps :)

Move 6 squares to right and 6 squares down.

The initial coordinate that is the x value is -5 and the transformation figure has x value 5.

So move figure A 6 squares to the right . And then move 6 squares to the down we get the transformation figure B.

Therefore, by moving 6 squares to right and 6 squares to down we get the transformation figure B.

Learn more:https://brainly.com/question/7161333

Celia used celery, carrots, and tomatoes in a recipe. Use the clues to find the amount of each ingredient she used. CLUE 1: The amounts were 2/5 cup, 3/4 cup, and 5/8 cup. CLUE 2: There is less celery than tomatoes. CLUE 3: There is less tomatoes than carrots.

Answers

Answer:

Celery = 3/8 cups

Tomatoes = 2/5 cups

Carrot = 5/4 cups

Step-by-step explanation:

CLUE 1: The amounts were 2/5 cup, 3/4 cup, and 5/8 cup

CLUE 2: There is less celery than tomatoes.

CLUE 3: There is less tomatoes than carrots

From clue 2 and 3:

Tomato > Celery ; Carrots > tomatoes

From least to highest :

Celery < Tomatoes < Carrot

Arranging clue 1 in ascending order :

2/5 = 0.4

3/8 = 0.375

5/4 = 1. 25

Hence,

3/8 < 2/5 < 5/4

Celery = 3/8 cups

Tomatoes = 2/5 cups

Carrot = 5/4 cups

f(-4) = 3x^2-2x pls help i dont know this question

Answers

Step-by-step explanation:

f ( - 4) = 3 ( - 4) ² - 2( - 4)

=. 3 ( 16) + 8

=. 48 + 8 = 56

plz mark my answer as brainlist plzzzz.

hope this will be helpful to you.

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