Which of the following statements describes the tax rate schedules Liz will use when she files. The modern estate tax as we. Chapter 4 Flashcards Quizlet Inheritance Estate Taxes. . Use Tax Reported on Out-of-State Purchases of Vehicles Vessels and Aircraft. The higher your income the higher your rate. You pay 12 on the rest. Use Tax Reported on Foreign Purchases. Single taxpayer taxable income of 89889. Bryan died in 2019. Taxable Income Tax Rate 0 50000 50001 75000 75001 - 100000 100001 335000 335001- 10000000 15 25 34 39 34 A companys earnings before taxes EBT or taxable income is 60000. The role of taxes is to help governments fund various undertakings such as public works infrastructure and wars. These taxes are used to finance social insurance programs such as Social Security and Medicare. Use Tax Reported on California Income Tax Returns. Use taxes are assessed on out-of-state purch...