A taxpayer with a taxable income of $47,856 and a total tax bill of $5,889 would have an average tax rate of ____ percent.

Name: A taxpayer with a taxable income of $47,856 and a total tax bill of $5,889 would have an average tax rate of ____ percent.
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Question

Quizplus · Accepted Answer

Average tax rate is the ratio of total tax paid to taxable income. 
Average tax rate = (Total tax paid / Taxable income) x 100%
= (5,889 / 47,856) x 100%
= 0.123 x 100%
= 12.3% 
Therefore, the taxpayer would have an average tax rate of 12.3 percent.

A Taxpayer with a Taxable Income of $47,856 and a Total