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Lin Belcher is a single individual. She claims one exemption of $6,000 for herself and claims a standard deduction of $6,300. Her salary for the
Lin Belcher is a single individual. She claims one exemption of $6,000 for herself and claims a standard deduction of $6,300. Her salary for the year was $165,000. Assume the following tax table is applicable. What is her average tax rate? Single Individuals If Your Taxable Income Is You Pay This Plus This Percentage Average Tax Amount on the on the Excess over the Rate at Base of the Bracket Base (Marginal Rate) Top of Bracket Up to $9,225 $0 10.0% 10.0% $9,225-$37,450 922.50 15.0 13.8 $37,450 $90,750 5,156.25 25.0 20.4 $90,750-$189,750 18,481.25 28.0 24.3 $189,750-$411,500 46,075.25 33.0 29.0 $411,500-$$413,200 119,401.25 35.0 29.0 Over $413,200 119,996.25 39.6 39.6
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