... $12,240.00 83 Free Test Bank for Concepts in Federal Taxation 2012 19th Edition by Murphy Multiple Choice Questions-Page Betty hires Sam to prepare her federal income tax return In preparing the return, ... taxable income of $280,000 They also received $20,000 of tax-exempt income Their average tax rate is: 23.2% 24.9% 22.3% 33.0% 35.0% 83 Free Test Bank for Concepts in Federal Taxation 2012 19th Edition ... choice of receiving income in the current year versus the following year, which of the following tax rates is important in determining the year in which he should include the income? Average...