If a household has $40,000 in taxable income and its tax liability is $20,000, the household's average tax rate is
A) 10 percent.
B) 25 percent.
C) 40 percent.
D) 50 percent

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The Answer of If a household has $40,000 in taxable income and its tax liability is $20,000, the household's average tax rate is
A) 10 percent.
B) 25 percent.
C) 40 percent.
D) 50 percent

If a Household Has $40,000 in Taxable Income and Its