Table 12-2
Consider the tax rates shown in the table below.

-Refer to Table 12-2.If Mateo has taxable income of $165,000,his average tax rate is
A) 26.6%.
B) 26.9%.
C) 27.3%.
D) 28.5%.

Question

Table 12-2
Consider the tax rates shown in the table below.
 
-Refer to Table 12-2.If Mateo has taxable income of $165,000,his average tax rate is
A) 26.6%. 
B) 26.9%. 
C) 27.3%. 
D) 28.5%.

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. Based on the tax brackets in Table 12-2, the total tax for $165,000 is calculated, and when divided by $165,000, it results in an average tax rate of 27.3%.

Table 12-2 Consider the Tax Rates Shown in the Table Below