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Duela Dent is single and had $184,800 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax
Duela Dent is single and had $184,800 in taxable income. Using the rates from Table 2.3, calculate her income taxes. What is the average tax rate? What is the marginal tax rate?
Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16.
Taxable Income | Tax Rate |
$0 - $9,525 | 10% |
$9,525 - $38,700 | 12 |
$38,700 - $82,500 | 22 |
$82,500 - 157,500 | 24 |
157,500 - 200,000 | 32 |
200,000 - 500,000 | 35 |
$500,000 + | 37 |
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