In 2008, the tax schedule for a single taxpayer is as follows:
What is the marginal tax rate and the average tax rate of a single taxpayer who has taxable income of $60,000?
A) marginal rate = 28%; average rate = 15.0%
B) marginal rate = 25%; average rate = 18.9%
C) marginal rate = 28%; average rate = 32.5%
D) marginal rate = 25%; average rate = 13.7%.
Correct Answer:
Verified
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