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Table 154 Table 154 Shows the Income Tax Brackets and Tax Rates for \text

question 62

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Table 15.4
 Income Tax Bracket  Marginal Tax Rate $08,00012%8,00122,00017%22,00148,00025%48,001 and over 38%\begin{array}{|c|c|}\hline \text { Income Tax Bracket } & \text { Marginal Tax Rate } \\\hline \$ 0-8,000 & 12 \% \\\hline 8,001-22,000 & 17 \% \\\hline 22,001-48,000 & 25 \% \\\hline 48,001 \text { and over } & 38 \% \\\hline\end{array}
Table 15.4 shows the income tax brackets and tax rates for single taxpayers in Madeupistan.
-Refer to Table 15.4.Sasha is a single taxpayer with an income of $60,000.What is his marginal tax rate and what is his average tax rate?


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