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Author Question: Average Tax Rate vs. Marginal Tax RateThe table shows income tax brackets for the country of ... (Read 867 times)

mimie

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Average Tax Rate vs. Marginal Tax Rate

The table shows income tax brackets for the country of Ficta.
Income Tax BracketsTax Rate
$0-$10,0009%
$10,001-$40,00012%
$40,001-$85,00018%
$85,001-$160,00032%
$160,001-$205,00033%
$205,001-$510,00038%
Over $510,00043%
What is the marginal tax rate for a person who earns $185,000 a year and has no deductions or exemptions? What is the average tax rate?
Please round your final answer to the nearest integer.
◦ 33%, 28%
◦ 1%, 21%
◦ 28%, 33%
◦ 21%, 1%


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Marked as best answer by mimie on Nov 23, 2022

gwisel

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mimie

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Reply 2 on: Nov 23, 2022
Gracias!


kishoreddi

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Reply 3 on: Yesterday
Excellent

 

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