Jordan and Paul,a married couple,have taxable income of $46,625,which is taxed as follows: $\begin{array}{lr}
\$ 18,650 \times 10 \%=&\$1,865.00\(\$ 46,625-\$ 18,650) \times 15 \%=&4,196.25\\text { Total tax liability }&\$6,061.25
\end{array}$
Their average tax rate is:

Question

Jordan and Paul,a married couple,have taxable income of $46,625,which is taxed as follows: $\begin{array}{lr}
\$ 18,650 \times 10 \%=&\$1,865.00\(\$ 46,625-\$ 18,650) \times 15 \%=&4,196.25\\text { Total tax liability }&\$6,061.25
\end{array}$
 Their average tax rate is:

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax liability by the taxable income and then multiplying by 100 to get a percentage. So, for Jordan and Paul, it would be $\frac{\$6,061.25}{\$46,625} \times 100 = 13\%$.

Jordan and Paul,a Married Couple,have Taxable Income of $46,625,which Is