Xavier is single and has taxable income of $46,775 that is taxed as follows: His average tax rate is:
A) 10%.
B) 15%.
C) 16%.
D)25%.

Question

Xavier is single and has taxable income of $46,775 that is taxed as follows:  His average tax rate is:
A) 10%. 
B) 15%. 
C) 16%. 
D)25%.

Quizplus · Accepted Answer

To calculate the average tax rate, we need to divide the total tax paid by the taxable income.

From the tax table, we can see that Xavier owes $7,732.50 in federal income tax.

Therefore, Xavier's average tax rate is:

$7,732.50 / $46,775 = 0.165 or 16.5%

Rounded to the nearest whole number, his average tax rate is 16%.

Therefore, the correct answer is C.

Xavier Is Single and Has Taxable Income of $46,775 That