Jordan and Paul,a Married Couple,have Taxable Income of $46,625,which Is

question 54

Multiple Choice

Jordan and Paul,a married couple,have taxable income of $46,625,which is taxed as follows: $\begin{array}{lr}\$ 18,650 \times 10 \%=&\$1,865.00\\(\$ 46,625-\$ 18,650) \times 15 \%=&4,196.25\\\text { Total tax liability }&\$6,061.25\end{array}$
Their average tax rate is:

• A)10%.
• B)12.5%.
• C)13%.
• D)15%.

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Definitions:

B2B Organization

A business that primarily sells products or services to other businesses rather than to individual consumers.

Reseller

A reseller is an entity that purchases goods or services with the intention of selling them to others, rather than consuming or using them.

Request For Proposals

It is a document issued by a business or organization inviting suppliers or service providers to submit a proposal on a specific service or product requirement.

B2B Buying Process

The decision-making process by businesses when purchasing goods or services from other businesses, involving several stages from need identification to post-purchase evaluation.