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Calculate logan effective tax rate

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Reference no: EM133234043

Logan earns a total of $73,000 annually. He is a single filer and has a taxable income of $50,000. The tax brackets and tax rates are as follows:

$0-$9,525: 10%
$9,525-$38,700: 12%
$38,700-$82,500: 22%

Calculate Logan's effective tax rate.

Why the answer came up 9.51%?

Reference no: EM133234043

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