Following is a partial 2009 personal income tax schedule for a single filer:
Taxable Income

-The average tax rate for a single filer with taxable income of $33,950 would be:

Question

Following is a partial 2009 personal income tax schedule for a single filer:
Taxable Income

-The average tax rate for a single filer with taxable income of $33,950 would be:

Quizplus · Accepted Answer

To calculate the average tax rate, we need to find the marginal tax rate for each bracket and multiply it by the amount of income in that bracket, then add them up and divide by the total taxable income. For a single filer with taxable income of $33,950, we can see from the partial tax schedule that they fall in the $27,051-$65,550 bracket, which has a marginal tax rate of 15%. So the calculation would be: (33,950-27,051) x 0.15 + (27,051-8,350) x 0.10 = 1,342.85. Then the average tax rate would be: 1,342.85 / 33,950 = 0.0395 = 3.95%, which is equivalent to 13.8% when expressed as a percentage of taxable income. Therefore, the best choice is B.

Following Is a Partial 2009 Personal Income Tax Schedule for a Single