Marc, a Single Taxpayer, Earns $60,000 in Taxable Income and $5,000

question 59

Multiple Choice

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2014, what is his average tax rate (rounded) ?

• A) 18.09%
• B) 20.00%
• C) 15.69%
• D) 25.00%
• E) None of these

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Definitions:

Organic Causes

Physical or biological factors that lead to a medical condition or disease.

Public Health System

The network of governmental and non-governmental organizations, policies, and initiatives aimed at preventing disease, prolonging life, and promoting health through organized efforts and informed choices of society.

Germs And Disease

The study or consideration of microorganisms that can cause illness or disease in humans, animals, or plants.