Table 12-4
-Refer to Table 12-4. What is the average tax rate for a person who makes $130,000?

Name: Table 12-4 -Refer to Table 12-4. What is the average tax rate for a person who makes $130,000?
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Question

Table 12-4 
-Refer to Table 12-4. What is the average tax rate for a person who makes $130,000?

Quizplus · Accepted Answer

The table shows that for incomes between $82,501 and $157,500, the tax rate is 24%. Therefore, someone making $130,000 would fall within this income bracket and have an average tax rate of 24%.

Table 12-4 -Refer to Table 12-4. What Is the Average Tax Rate