Matthew has gross income of $40500. Matthew has taxable income of $24500 and paid taxes of $4050. What is Matthew's effective tax rate? (Round answers to 1 decimal place, e. g. 52.7.) 10.0%. 16.5%. 16.0%. None of the other answer choices are correct.

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)