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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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