whats the average tax rate ?

430 450 The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019 All values are in thousands of dollars. 2018 2019 Revenue $5.700 $5,800 Cost of goods sold 1.600 1.700 Depreciation Inventories 350 405 Administrative expenses 500 Interest expense 120 120 Federal and state taxes 920 Accounts payable 260 335 Accounts receivable 450 490 Net fixed assetat 5,800 6, 490 Long-term deb 2,000 2, 320 Notes payable 520 490 Dividenda paid 350 350 Cash and marketable securities 760 370 550 940 * Taxes are paid in their entirety in the year that the tax obligation is incurred. Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed What was the firm's average tax bracket for each year? (Enter your answers as a percent rounded to 1 decimal places.) 2018 2019 Average tax rate % Problem 3-26 Tax Rates (L04) Using Table 3.6, calculate the marginal and average tax rates for a single taxpayer with the following incomes. (Do not round Intermediate calculations, Round your answers to 1 decimal place.) Average Tax Rate % Income a. $ 25,000 b. $ 50.000 c. s 310,000 d. S 4.000.000 Marginal Tax Rate 12.0% 22 0% 350% 37.0 % TABLE 3.6 Personal tax rates, 2018 Tax Rate (5) 10 12 Single Taxpayers $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 and above Taxable income ($) Married Taxpayers Filing Joint Returns $0-$19,050 $19,051-$77,400 $77,401-$165,000 $165,00 1-$315,000 $315,001-$400,000 $400,001-$600,000 $600,001 and above 22 24 32 35 37