John's taxable income is $48,000. If he needs to pay $7,000 as a tax, what is his effective (average) tax rate? 15.6% 17.6% 16.6% 14.6%

John's taxable income is $48,000. If he needs to pay $7,000 as a tax, what is his effective (average) tax rate 15.6% 17.6% 16.6% 14.6% eaitse will give you a salan of $39,000, putting you now in the 22% tax bracket. You should: Reject the raise because you will bring in less income because vou will have to pay more in the new tax bracket thar vou already vere Accept the raise because of the marginal tax system. Reject the raise because of the progressive tax system. Accept the raise because of the regressive tax system