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The tax rates for an individual for a particular year are shown below: Taxable Income Tax Rate $0 9,950 10% 9,950 40,525 12% 40,525 86,375
The tax rates for an individual for a particular year are shown below:
Taxable Income | Tax Rate |
---|---|
$0 9,950 | 10% |
9,950 40,525 | 12% |
40,525 86,375 | 22% |
86,375 164,925 | 24% |
What is the average tax rate for an individual with taxable income of $92,250?
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