Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
Promoted
You and your spouse have a taxable income of $58,750. Use the table shown How much would you pay in Federal income tax in 2010.?
What is the effective federal tax rate that you end up paying?
1 Answer
Relevance
- MichaelLv 73 years ago
10% tax on the first $16,750
16750 * .1
$1,675
15% tax on the amount between $16,750 and $58,750
(58750 -16750) * .15
$6,300
Amount of tax
$1,675 + $6,300
$7,975 <––––––
----------------------
Effective tax rate
7975/58750
0.1357446809
13.57% <––––––
Still have questions? Get your answers by asking now.