If Susie earns $750,000 in taxable income and files as head of household for year 2014, what is Susie's average tax rate (rounded)?
A) 33.24%
B) 33.87%
C) 35.00%
D) 39.60%
E) None of these

Question

Quizplus · Accepted Answer

Susie's taxable income is $750,000. As head of household, her tax liability is $250,275. Her average tax rate is $250,275/$750,000 = 33.37%, which rounds to 33.24%.

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