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15 What is the average Federal income tax rate in 2020 of an individual who earns $130,000 of taxable income? Refer to the following chart.

15 What is the average Federal income tax rate in 2020 of an individual who earns $130,000 of taxable income? Refer to the following chart. Federal 2020 Income Tax Brackets and Rates Federal Tax 2020 Taxable Income Rate 15% 20.5% 26% A 20.34% B 19.84% 19.34% 20.54% D Up to $48,535 Over $48,535 up to $97,069 Over $97,069 up to $150,473

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