What is the approximate average tax rate for a household that pays $25,000 in taxes on an income of $150,000?

Name: What is the approximate average tax rate for a household that pays $25,000 in taxes on an income of $150,000?
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Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total taxes paid by the total income. Here, $25,000 divided by $150,000 equals approximately 0.1667, or 16.67%, which rounds to 17%.

What Is the Approximate Average Tax Rate for a Household