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 68 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
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

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

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

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library