Anne,who is single,has taxable income for the current year of $38,000 while total economic income is $43,000 resulting in a total tax of $5,429.Anne's average tax rate and effective tax rate are,respectively,

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The average tax rate is calculated as total tax divided by taxable income ($5,429 / $38,000 = 14.29%). The effective tax rate is calculated as total tax divided by total economic income ($5,429 / $43,000 = 12.63%).

Anne,who Is Single,has Taxable Income for the Current Year of $38,000