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Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the information in the below
Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the information in the below table. Taxable Income and Total Tax Liability are in thousands Note: Enter your answers in whole dollars and not in thousands. Round the final answers to the nearest dollar value. Iten $50,000 to under $100,000 38,126,449 Ranges of Adjusted Gross Incone $15,000 to under $30,000 to under Under $15,000 39,283,802 $6,952,629 Total tax liability $791,732 11.39% $30,000 27,765,909 $193,277,768 $15,165,011 Number of returns Taxable incone Average tax rate "The average tax rate is total tax liability divided by taxable income. 7.85% $50,000 28,848,637 $ 605,974,808 $ 51,825,871 8.55% $ 1,757,247,416 $ 189,698,777 10.80% $100,000 to under $200,000 24,598,838 $ 2,308,040,171 $ 321,324,367 13.92% $200,000 or more. 12,249,402 $3,868,687,623 $ 909,907,543 23.52% Under $15,000 $15,000 to under $30,000 $30,000 to under $50,000 $50,000 to under $100,000 $100,000 to under $200,000 $200,000 or more
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