Table 12-12
United States Income Tax Rates for a Single Individual,2002 and 2003.

-Refer to Table 12-12.Samantha is a single person whose taxable income is $100,000 a year.What happened to her average tax rate between 2002 and 2003?

Question

Table 12-12
United States Income Tax Rates for a Single Individual,2002 and 2003.
 
-Refer to Table 12-12.Samantha is a single person whose taxable income is $100,000 a year.What happened to her average tax rate between 2002 and 2003?

Quizplus · Accepted Answer

In 2002, Samantha's tax rate would have been 28%, resulting in a tax bill of $28,800. In 2003, her tax rate would have been 27.75%, resulting in a slightly lower tax bill of $27,750. Therefore, her average tax rate decreased between 2002 and 2003.

Table 12-12 United States Income Tax Rates for a Single Individual,2002 and Individual,2002