Refer to the information provided in Table 19.8 below to answer the question(s) that follow.
Table 19.8

-Related to the Economics in Practice on page 391: Refer to Table 19.8. At an income level of $20,000, the average tax rate is

Question

Refer to the information provided in Table 19.8 below to answer the question(s) that follow.
Table 19.8
 
-Related to the Economics in Practice on page 391: Refer to Table 19.8. At an income level of $20,000, the average tax rate is

Quizplus · Accepted Answer

At the income level of $20,000, the total tax paid is $2,000 which is 10% of the income. Therefore, the average tax rate is 10%.

Refer to the Information Provided in Table 19