The table shown displays the marginal tax rates that correspond to each taxable income bracket for an individual.
What is the average tax rate for a person with $45,000 of taxable income?
A) 10 percent
B) 15 percent
C) 25 percent
D) 17 percent
Correct Answer:
Verified
Q119: Taxes are generally classified into three categories:
A)progressive,
Q120: The majority of total tax revenues come
Q121: The table shown displays the marginal tax
Q122: The table shown displays the marginal tax
Q123: The table shown displays the marginal tax
Q125: What is the largest source of income
Q126: A payroll tax is charged on:
A)the earnings
Q127: A capital gains tax is charged on:
A)the
Q128: The table shown displays the marginal tax
Q129: A sales tax is charged on:
A)the earnings
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents