<span>342 u have to subtract to get this answer</span>
Answer:
4.24
Step-by-step explanation:
Using the distance formula you find out the answer
a) Aiden's taxable income is $50,450.
The taxable income is equal to the gross income minus the standard deduction.
= $50,450 ($63,000 - $12,550).
b) Aiden's marginal tax rate = 22% (for taxable income falling under the income bracket of $40,526 to $86,375 for the tax 2021 year. It is assumed that Aiden is single.
c) Aiden's effective tax rate = 13.72%. The effective tax rate = total taxes due divided by Aiden's taxable income.
= 13.72% ($6,922/$50,450 x 100)
Related links on taxable income at brainly.com/question/1160723
