The table below shows the income tax rates applicable to various income groups in Bonland.
Taxable Income Tax Bracket
$0-$6,000 10 percent
$6,001-$30,000 15 percent
$30,001-$75,000 18 percent
$75,001-$125,000 20 percent
$125,001 and above 25 percent
If Mary's taxable income is $80,000,calculate her:
a)total tax paid.
b)marginal tax rate.
c)average tax rate.

Question

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The Answer of The table below shows the income tax rates applicable to various income groups in Bonland.
Taxable Income Tax Bracket
$0-$6,000 10 percent
$6,001-$30,000 15 percent
$30,001-$75,000 18 percent
$75,001-$125,000 20 percent
$125,001 and above 25 percent
If Mary's taxable income is $80,000,calculate her:
a)total tax paid.
b)marginal tax rate.
c)average tax rate.

The Table Below Shows the Income Tax Rates Applicable to Various