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

-Refer to Table 12-12.Mia is a single person whose taxable income is $100,000 a year.What is her average tax rate in 2010?

Question

Table 12-12
United States Income Tax Rates for a Single Individual, 2009 and 2010.
 
-Refer to Table 12-12.Mia is a single person whose taxable income is $100,000 a year.What is her average tax rate in 2010?

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. Based on the 2010 tax brackets, Mia's total tax can be calculated, and when divided by her income of $100,000, it results in an average tax rate of approximately 24.1%.

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