Assume a Single Taxpayer Is Taxed at 10% on the First

question 106

Multiple Choice

Assume a single taxpayer is taxed at 10% on the first $9,075 of taxable income, 15% on the next $27,825 of income, and at 25% for the following $52,450 of income. What is the average tax rate for that individual if her taxable income is $41,350?

• A) 14.98%
• B) 16.67%
• C) 16.13%
• D)19.98%

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