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/$50,450 x 100)
Related links on taxable income at brainly.com/question/1160723
Answer:
The answer is 602/45
Step-by-step explanation:
Since this involves subtracting fraction, we must make sure each denominator is alike, which involves find the LCD (least common denominator).
9, 5, and 1 (the number 14's denominator is 1) all have the LCD 45 in common.
Multiply 9 by 5, which multiplies 2 with 5, giving 10.
Multiply 5 by 9, which multiplies 2 by 9, giving 18.
Multiply 1 by 45, which multiplies 14 by 45, giving 630.
Now, you have an equation that looks like this:
(630/45) - (10/45) - (18/45)
Subtract 10 from 630, which gives 620, then subtract 18 from 620, giving 602.
Final answer: 602/45
That is 7.5 us$ :)) have a good day
5.54
27
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149.58
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