Betty Is a Single Individual Which of the Following Statements Concerning Betty's Tax Rates Is

question 147

Multiple Choice

Betty is a single individual. In 2018, she receives $5,000 of tax-exempt income in addition to her salary and other investment income. Betty's 2018 tax return showed the following information:
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$$\begin{array} { l r } \text { Gross income } & \$ 90,000 \\\text { Deductions for adjusted gross income } & ( 4,000 ) \\\text { Adjusted gross income } & \$ 86,000 \\\text { Itemized deductions } & \$ ( 14,400 ) \\\text { Taxable income } & \$ 71,600 \\\text { Income tax } & \$ 11,692 \\\text { Less: Income tax withheld from wages } & ( 11,744 ) \\\text { Refund } & \$ 52\end{array}$$
Which of the following statements concerning Betty's tax rates is (are) correct?
I.Betty's average tax rate is 16.3%.
II.Betty's average tax rate is 15.3%.
III.Betty's effective tax rate is 16.3%.
IV.Betty's effective tax rate is 15.3%.
?

• A)Statements I and III are correct.
• B)Statements I and IV are correct.
• C)Statements II and III are correct.
• D)Statements II and IV are correct.

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Definitions:

Sexual Relationship

A sexual relationship refers to a relationship between individuals that includes sexual activities or expressions of sexual intimacy.

Sexual Orientation

An enduring pattern of emotional, romantic, or sexual attraction to men, women, both genders, neither gender, or another gender.

Sexual Attractions

The feeling of being drawn or having a romantic or sexual interest towards someone or something.

Enduring Sexual Attraction

Enduring sexual attraction is a persistent and lasting attraction towards others, which can play a fundamental role in human sexual relationships and bonding.