Marc, a Single Taxpayer, Earns $61,400 in Taxable Income and $5,140

question 91

Multiple Choice

Marc, a single taxpayer, earns $61,400 in taxable income and $5,140 in interest from an investment in city of Birmingham bonds. Using the U.S. tax rate schedule for 2020, what is his average tax rate? (Round your final answer to two decimal places.) (Use tax rate schedule.)

• A)15.14 percent
• B)13.99 percent
• C)11.50 percent
• D)22.16 percent
• E)None of the choices are correct

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Definitions:

Collective Preconscious

The part of the mind that contains memories and ideas which are not currently in conscious awareness but can easily be brought to consciousness.

Eye Movements

The voluntary or involuntary movement of the eyes, which can be indicative of various neurological and psychological conditions.

Visual Hallucinations

The perception of seeing something that is not present in the external environment, often associated with psychiatric disorders or neurological conditions.

Slow Moving Targets

Refers to goals, objects, or issues that progress, evolve, or move at a slow pace, making them potentially easier to track or manage.