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Assuming you apply for no deductions or exemptions, calculate the tax payments, along with the average tax rates for individuals that make the following amount
Assuming you apply for no deductions or exemptions, calculate the tax payments, along with the average tax rates for individuals that make the following amount in annual income.
Annual income = $6,000
a)Tax payment: _______________
b) Average tax rate: ____________
c)Marginal tax rate on last dollar earned: ________________
Annual income = $600,000
a)Tax payment: _______________
b) Average tax rate: ____________
c)Marginal tax rate on last dollar earned: ________________
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