Use the Information Above to Answer the Following Question

question 129

Multiple Choice

Use the information above to answer the following question.What is the amount other expenses (non-operating) ?

• A)$19,700
• B)$15,200
• C)$17,500
• D)$24,200

---

Definitions:

Marginal Tax Rate

The rate at which an additional dollar of income would be taxed, reflecting the percentage of each additional dollar that is paid in tax.

Income Tax Schedule

A chart or table displaying the rates to be applied to income ranges for calculating the amount of income tax due.

Taxable Income

The portion of an individual's or entity's income used as the base for calculating income tax owed to the government.

Average Tax Rate

The ratio of the total amount of taxes paid to the total income, indicating how much of one's income goes to taxes.