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Author Question: If your income is 92,000 and you pay taxes of 19,475, what is your average tax rate? Show your work. ... (Read 67 times)

rlane42

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on: Jun 29, 2018
If your income is 92,000 and you pay taxes of 19,475, what is your average tax rate? Show your work.
 
  What will be an ideal response?

Question 2

Which of the following will raise consumer expenditures?
 
  A) an increase in interest rates B) an increase in the price level
  C) a general decline in housing prices D) an increase in expected future income


jessicaduplan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Average tax rate = 19,475/92,000 = 0.21168 or 21.168 percent.

Answer to Question 2

D


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