Table 12-12
United States Income Tax Rates for a Single Individual, 2009 and 2010.

-Refer to Table 12-12.Kurt is a single person whose taxable income is $35,000 a year.What happened to his average tax rate between 2009 and 2010?

Question

Table 12-12
United States Income Tax Rates for a Single Individual, 2009 and 2010.
 
-Refer to Table 12-12.Kurt is a single person whose taxable income is $35,000 a year.What happened to his average tax rate between 2009 and 2010?

Quizplus · Accepted Answer

In 2009, the tax rate for a single individual with an income of $35,000 was 15%, resulting in a tax liability of $5,250. In 2010, the tax rate for a single individual with an income of $35,000 was 10%, resulting in a tax liability of $3,500. Therefore, Kurt's average tax rate decreased from 15% to 10%, resulting in a lower tax liability.

Table 12-12 United States Income Tax Rates for a Single Individual, 2009