Scenario 12-3.A taxpayer faces the following tax rates on her income:
20 percent of the first $40,000 of her income;
30 percent of all her income above $40,000.
-Refer to Scenario 12-3.At what level of income would the taxpayer's marginal tax rate be 30 percent and her average tax rate be 25 percent?

Question

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The Answer of Scenario 12-3.A taxpayer faces the following tax rates on her income:
20 percent of the first $40,000 of her income;
30 percent of all her income above $40,000.
-Refer to Scenario 12-3.At what level of income would the taxpayer's marginal tax rate be 30 percent and her average tax rate be 25 percent?