Table 12-5
-Refer to Table 12-5.What is the approximate average tax rate for a person who makes $130,000
A)30%
B)40%
C)50%
D)60%

Name: Table 12-5 -Refer to Table 12-5.What is the approximate average tax rate for a person who makes $130,000 A)30% B)40% C)50% D)60%
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Question

Table 12-5 
-Refer to Table 12-5.What is the approximate average tax rate for a person who makes $130,000
A)30% 
B)40% 
C)50% 
D)60%

Quizplus · Accepted Answer

From the table, we can see that for someone who earns $100,000 to $200,000, the tax rate is 40%. Therefore, if someone makes $130,000, they fall into this bracket and would have an approximate average tax rate of 40%.

Table 12-5 -Refer to Table 12-5.What Is the Approximate Average Tax Rate