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 happened to his average tax rate between 2012 and 2013?

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 happened to his average tax rate between 2012 and 2013?

Quizplus · Accepted Answer

In 2012, a single person with taxable income of $35,000 would have an average tax rate of 15%. In 2013, a single person with taxable income of $35,000 would have an average tax rate of 14%. Therefore, Bill's average tax rate decreased between 2012 and 2013.

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