Table 18-5 Table 18-5 Shows the Income Tax Brackets and Tax Rates

question 6

Essay

Table 18-5

Table 18-5 shows the income tax brackets and tax rates for single taxpayers in Bauxhall.
-Refer to Table 18-5.A tax exemption is granted for the first $10,000 earned per year.Suppose you earn $75,000.
a.What is the amount of taxes you will pay?
b.What is your average tax rate?
c.What is your marginal tax rate?

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