Frank and Fran Are Married and Have a 2014 Taxable

question 77

Multiple Choice

Frank and Fran are married and have a 2014 taxable income of $280,000. They also received $20,000 of tax- exempt income. Their average tax rate is:

• A) 23.1%
• B) 24.4%
• C) 25.3%
• D) 33.0%
• E) 35.0%

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Definitions:

Gerunds

Nouns made from verbs by adding "-ing," which represent actions or processes, like swimming, reading, or writing.

Overslept

Occurs when an individual sleeps beyond the intended time of waking, often leading to lateness or missing scheduled events.

Adverbs

Words that modify verbs, adjectives, or other adverbs, often ending in -ly, describing how actions are performed.

Adjectives

Words that describe or modify nouns or pronouns, providing additional information about their qualities, quantities, or states.