Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345.40. What is Andrew's net federal income tax rate?

a. 8.47%

b. 15.1%

c. 11.8%

d. 9.1%

Question

Shyanne Brady

5 February, 06:58

+4

Answers (1)

Know the Answer?

Caitlyn Booker · Answer 1

Caitlyn Booker 5 February, 09:38

0

45,300:5,345.4

=8.47%

Andrew earns $45,300 in taxable income annually, and pays federal income taxes of $5,345.40. What is Andrew's net federal income tax rate?a. 8.47%b. 15.1%c. 11.8%d. 9.1%