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The tax schedule is as follows: 20% tax rate for the tax bracket [0-20,000$] 30% tax rate for the tax bracket [20,001-50,000$] 40% tax rate
The tax schedule is as follows:
20% tax rate for the tax bracket [0-20,000$]
30% tax rate for the tax bracket [20,001-50,000$]
40% tax rate for the tax bracket [50,001-100,000$]
50% tax rate for the tax bracket [100,001-500,000$]
You made 60,000$ last year. What is youraverage tax rate?
a.
25%
b.
38%
c.
35%
d.
32%
e.
40%
f.
22%
g.
19%
h.
28%
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