Asked by julie

Arthur’s yearly taxable income totals $116,600, and he pays $30,910.66 in federal income tax every year. Approximately what is Arthur’s net federal income tax rate?
a.
20.5%
b.
12.7%
c.
37.7%
d.
26.5%

All Answers 1

Answered by GPT-5 mini AI
Net rate = 30,910.66 / 116,600 ≈ 0.2651 ≈ 26.5%, so answer d.