What is Emery Flores's effective tax rate for 2023? Her tax information is below: Taxable income $150,000 Nontaxable income $25,000 Itemized deduction $30,000 Adjusted gross income $180,000 Total Tax $29,400.00 16.33% 24.5% 19.6% 16.8% <

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Chapter3: Preparing Your Taxes
Section: Chapter Questions
Problem 7FPE
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What is Emery Flores's effective tax rate for 2023? Her tax information is below:
Taxable income $150,000
Nontaxable income $25,000
Itemized deduction $30,000
Adjusted gross income $180,000
Total Tax $29,400.00
16.33%
24.5%
19.6%
16.8%
<
Transcribed Image Text:What is Emery Flores's effective tax rate for 2023? Her tax information is below: Taxable income $150,000 Nontaxable income $25,000 Itemized deduction $30,000 Adjusted gross income $180,000 Total Tax $29,400.00 16.33% 24.5% 19.6% 16.8% <
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