$$\begin{array}{l}
\begin{array} { c c }
\text { Taxable Income} &\text { Taxes Paid }\
\$ 10,000 & 0 \
20,000 & 1,000 \
30,000 & 2,000 \
40,000 & 4,000 \
50,000 & 8,000
\end{array}
\end{array}$$
-If your taxable income is $50,000,your average tax rate is

Question

$$\begin{array}{l}
\begin{array} { c c } 
\text { Taxable Income} &\text { Taxes Paid }\
\$ 10,000 & 0 \
20,000 & 1,000 \
30,000 & 2,000 \
40,000 & 4,000 \
50,000 & 8,000
\end{array}
\end{array}$$
-If your taxable income is $50,000,your average tax rate is

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total taxes paid by the total taxable income. For a taxable income of $50,000, the taxes paid are $8,000. Therefore, the average tax rate is $8,000 / $50,000 = 0.16, or 16%.

-If Your Taxable Income Is $50,000,your Average Tax Rate Is