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%
I believe the correct answer from the choices listed above is option D. The net federal income tax rate of arthur would be approximately 26.5%. This can be calculated by dividing the income tax to the total income and multiplying by 100%. It yields to a value of 26.5%. Hope this answers the question.
