what would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870?Weegy:
That would be 12.2%. Divide the tax amount by the total income, then multiply by 100 to change the decimal to a percent. [ http://answers.yahoo.com/question/?qid=20071110132706AAbZu0d
] Auto answered|Score 1User:
Each year the internal revenue service adjusts the value of an exemption based on inflation and rounded to the nearest $50 In a recent year if the exemption was worth $3,100 and inflation was 4.7 percent what would be the amount of the exemption for the upcoming tax year?Weegy:
$3,100 X 1.047 = $3,245.70 rounded to $3,250Auto answered|Score .5466|coolcurtis|Points 150|User:
Using the tax table in Exhibit 4-7 determine the amount of taxes for the following situations a)A head of household with taxable income of $26,210 b) A single person with taxable income of $26,888 c) A married person filling a separate return with taxable income of $26,272Weegy:
a. A head of household with taxable income of $26,210 ($3,934 amount of taxes).
b. A single person with taxable income of $26,888 ($4,321 amount of taxes).
c. [ A married person filing a separate return with taxable income of $26,272 ($4,679 amount of taxes).
] Expert answered|bongche|Points 2795|
All Categories|No Subcategories|Expert answered|Rating 0| 7/31/2012 7:33:13 PM