Figure: U.S. Marginal and Average Tax Rates Reference: Ref 17-1 (Figure: U.S. Marginal and Average Tax Rates) According to the figure, an individual who earns $150,000 a year has an approximate average tax rate of
A) 28 percent.
B) 25 percent.
C) 21 percent.
D) 15 percent.

Question

Figure: U.S. Marginal and Average Tax Rates  Reference: Ref 17-1 (Figure: U.S. Marginal and Average Tax Rates) According to the figure, an individual who earns $150,000 a year has an approximate average tax rate of
A) 28 percent. 
B) 25 percent. 
C) 21 percent. 
D) 15 percent.

Quizplus · Accepted Answer

The Answer of Figure: U.S. Marginal and Average Tax Rates  Reference: Ref 17-1 (Figure: U.S. Marginal and Average Tax Rates) According to the figure, an individual who earns $150,000 a year has an approximate average tax rate of
A) 28 percent. 
B) 25 percent. 
C) 21 percent. 
D) 15 percent.

Figure: US