Suppose You Are Offered a Job with Amazon Upon Graduation

question 163

Multiple Choice

Suppose you are offered a job with Amazon upon graduation.Your starting salary will be $70,000,which will put you in the 25 percent federal income tax bracket.The total amount of income taxes you pay is $13,530.Your average tax rate is approximately

• A) 25.0 percent.
• B) 37.5 percent.
• C) 31.3 percent.
• D) 19.3 percent.
• E) 12.5 percent.

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