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Quincy is single and had $70,098 in taxable income. Using the rates from the table below, calculate their income taxes. What is the average tax
Quincy is single and had $70,098 in taxable income. Using the rates from the table below, calculate their income taxes. What is the average tax rate? (Type your answer as a percentage, e.g. type 35.00 if you believe the answer is 35.00%.)
Personal Tax Rates for 2020 (Unmarried Individuals)
Taxable Income | Tax Rate |
---|---|
$ 09,875 | 10% |
9,87540,125 | 12 |
40,12585,525 | 22 |
85,525163,300 | 24 |
163,300207,350 | 32 |
207,350518,400 | 35 |
518,400+ | 37 |
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