Mr.and Mrs.Nakama were paying $6,000 taxes on a combined taxable income of $40,000.When they both received pay increases,they found themselves in a higher tax bracket-28 percent.Their average tax rate

A) fell.
B) rose to 15%.
C) rose to between 15% and 28%.
D) rose to 28%.
E) rose above 28%.

Question

Katrina Bongiovanni · Accepted Answer

Final Answer : C, Explanation :  Their average tax rate increased because they moved to a higher tax bracket due to their pay increases, but it did not reach the full 28% of their new income, indicating it rose to between 15% and 28%.

Mr.and Mrs.Nakama were paying $6,000 taxes on a combined taxable income of $40,000.When they both received pay increases,they found themselves in a higher tax bracket-28 percent.Their average tax rate

A) fell.
B) rose to 15%.
C) rose to between 15% and 28%.
D) rose to 28%.
E) rose above 28%.

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Learning Objectives

Related questions

Mr.and Mrs.Nakama were paying $6,000 taxes on a combined taxable income of $40,000.When they both received pay increases,they found themselves in a higher tax bracket-28 percent.Their average tax rateA) fell.B) rose to 15%.C) rose to between 15% and 28%.D) rose to 28%.E) rose above 28%.

Definitions

Learning Objectives

Learning Objectives

Related questions

Mr.and Mrs.Nakama were paying $6,000 taxes on a combined taxable income of $40,000.When they both received pay increases,they found themselves in a higher tax bracket-28 percent.Their average tax rate

A) fell.
B) rose to 15%.
C) rose to between 15% and 28%.
D) rose to 28%.
E) rose above 28%.