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First blank choices : 10, 12, 17, 20, 23, 30 percent
Second blank choices : 10,601 ; 12,336; 13,243; 14,231; 19,000
Third blank choices : 9.98, 12.98, 14.98, 17.98, 20 percent
Fourth blank choices : 0, 599, 800, 4000
Janet is getting ready to do her taxes. She is single and lives in Detrait. Janet earned $95,000 in
2020. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2020.
Based on the ths cable, Janet calculates that her marginal tax rate is - when her annual income is
395,000. Sanet caiculates that she owes approximately in income taxes for 2020 Janet then
calculates that her aversge tax rate is approximatey tor2020 , based on the annual income level
and the amount of taxes ahe owes After bguring out what she ones in taxes in 2020 , Janet
desces to ask an qccountant for tax advice. The acceuntane claims that he has found a legal way
to shelter 34,000 of taxable inceme from the federal government: The maximum amount that
danet is weing to pay to learn this strateor and reduce her taxabce income by $4,000 is (hint
sheitering some income mears finding a legal way to avoid being charged income tax pr that
income, for wample, someone who has $50,000 in inceme and seiters $10,000 paya inceme tax
on only $40,000.3

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First blank choices 10 12 17 20 23 30 percent Second .pdf

  • 1. First blank choices : 10, 12, 17, 20, 23, 30 percent Second blank choices : 10,601 ; 12,336; 13,243; 14,231; 19,000 Third blank choices : 9.98, 12.98, 14.98, 17.98, 20 percent Fourth blank choices : 0, 599, 800, 4000 Janet is getting ready to do her taxes. She is single and lives in Detrait. Janet earned $95,000 in 2020. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2020. Based on the ths cable, Janet calculates that her marginal tax rate is - when her annual income is 395,000. Sanet caiculates that she owes approximately in income taxes for 2020 Janet then calculates that her aversge tax rate is approximatey tor2020 , based on the annual income level and the amount of taxes ahe owes After bguring out what she ones in taxes in 2020 , Janet desces to ask an qccountant for tax advice. The acceuntane claims that he has found a legal way to shelter 34,000 of taxable inceme from the federal government: The maximum amount that danet is weing to pay to learn this strateor and reduce her taxabce income by $4,000 is (hint sheitering some income mears finding a legal way to avoid being charged income tax pr that income, for wample, someone who has $50,000 in inceme and seiters $10,000 paya inceme tax on only $40,000.3