Betty is a single individual. In 2014, she receives $5,000 of tax-exempt income in addition to her salary and other investment income. Betty's 2014 tax return showed the following information: 
Which of the following statements concerning Betty's tax rates is are) correct? I. Betty's average tax rate is 18.9%. II. Betty's average tax rate is 17.6%. III. Betty's effective tax rate is 18.9%. IV. Betty's effective tax rate is 17.6%.
A) Statements I and III are correct.
B) Statements I and IV are correct.
C) Statements II and III are correct.
D) Statements II and IV are correct.
Correct Answer:
Verified
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