Answer:
effective tax rate = 13.54
Explanation:
given data
total income = $83,000
taxable income = $62,000
tax liability = $11,239
to find out
effective tax rate
solution
we get here effective tax rate that is express as
effective tax rate = [tex]\frac{total\ tax}{total\ income}[/tex] .................1
put here value and we get
effective tax rate = [tex]\frac{11239}{83000}[/tex]
effective tax rate = 13.54
