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%

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Personal Income and Property Taxes

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%

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