If Susie earns $750,000 in taxable income and files as head of household for year 2017,what is Susie's average tax rate? (Use tax rate schedule in the text)
A) 33.05%
B) 33.71%
C) 35.00%
D) 39.60%
E) None of the choices are correct.

Question

Quizplus · Accepted Answer

Susie's taxable income is $750,000. The tax rate schedule for head of household for 2017 shows that the tax on $750,000 is $248,300. Susie's average tax rate is 248,300/750,000 = 33.05%.

If Susie Earns $750,000 in Taxable Income and Files as Head