Table 12-1

-Refer to Table 12-1.If Damian has $33,000 in taxable income,his average tax rate is
A) 13.7%.
B) 14.6%.
C) 15.0%.
D) 15.2%.

Name: Table 12-1 -Refer to Table 12-1.If Damian has $33,000 in taxable income,his average tax rate is A) 13.7%. B) 14.6%. C) 15.0%. D) 15.2%.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Table 12-1
 
-Refer to Table 12-1.If Damian has $33,000 in taxable income,his average tax rate is
A) 13.7%. 
B) 14.6%. 
C) 15.0%. 
D) 15.2%.

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. If Damian's average tax rate is 13.7%, it means that the total tax paid is approximately 13.7% of his $33,000 taxable income.

Table 12-1 -Refer to Table 12-1.If Damian Has $33,000 in Taxable Income,his