Table 12-9
United States Income Tax Rates for a Single Individual, 2012 and 2013.
-Refer to Table 12-9. Samantha is a single person whose taxable income is $100,000 a year. What is her average tax rate in 2013?

Question

Table 12-9
United States Income Tax Rates for a Single Individual, 2012 and 2013. 
-Refer to Table 12-9. Samantha is a single person whose taxable income is $100,000 a year. What is her average tax rate in 2013?

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. Based on the 2013 tax brackets, Samantha's tax liability would be calculated using the marginal tax rates for each portion of her income. After calculating the total tax and dividing by $100,000, the average tax rate is approximately 24.1%.

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