Refer to the following table to answer the following questions:
-Using the table,what is the new average tax rate for a person who currently makes $80,000 per year and receives a $10,000 raise?

Question

Refer to the following table to answer the following questions: 
-Using the table,what is the new average tax rate for a person who currently makes $80,000 per year and receives a $10,000 raise?

Quizplus · Accepted Answer

The new income is $80,000 + $10,000 = $90,000. The tax on $90,000 is $18,650. The new average tax rate is $18,650 / $90,000 = 20.7%.

Refer to the Following Table to Answer the Following Questions