Briana,who is single,has taxable income for 2017 of $78,000,resulting in a total tax of $15,239.Her total economic income is $98,000.Briana's average tax rate and effective tax rate are,respectively,
A)19.54% and 15.55%.
B)25% and 28%.
C)19.54% and 25%.
D)15.55% and 19.54%.

Question

Quizplus · Accepted Answer

A)Average tax rate: $15,239 ÷ $78,000 = 19.54%
Effective tax rate: $15,239 ÷ $98,000 = 15.55%

Briana,who Is Single,has Taxable Income for 2017 of $78,000,resulting in a Total