Table 12-9
United States Income Tax Rates for a Single Individual, 2012 and 2013.
-Refer to Table 12-9. Bill is a single person whose taxable income is $35,000 a year. What is his average tax rate in 2012?

Question

Table 12-9
United States Income Tax Rates for a Single Individual, 2012 and 2013. 
-Refer to Table 12-9. Bill is a single person whose taxable income is $35,000 a year. What is his average tax rate in 2012?

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. Without the specific tax brackets from Table 12-9, we assume the average tax rate for $35,000 is closest to 17.6%.

Table 12-9 United States Income Tax Rates for a Single Individual, 2012