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Felix and Freddie are married with annual taxable income of $23

Felix and Freddie are married with annual taxable income of $230,000. They pay income tax according to the following schedule

Show transcribed image textFelix and Freddie are married with annual taxable income of $230,000. They pay income tax according to the following schedule: over not tax rate $43,850 | 15% $43,850 $105,950| ??? $105,950 $361,450|31% If the total personal income tax they pay is $58,695, which of the following comes closest to the tax rate for income between $43,850 and 105,950 (the middle tax rate)? a. 25% b. 24% O c. 23% O d. 21% O e. 22%

Aug 11 2020 View more View Less

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