Geronimo Files His Tax Return as a Head of Household

question 77

Multiple Choice

Geronimo files his tax return as a head of household for year 2016. If his taxable income is $72,000, what is his average tax rate (rounded) ?

• A) 17.08%
• B) 18.24%
• C) 19.13%
• D) 25.00%
• E) None of these

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; indicates how much the values in a data set differ from the mean.

Variability

A measure of how much scores in a data set differ from each other and from the mean, indicating the spread or dispersion of the data points.

Sample Means

The arithmetic average of a set of values or measurements taken from a sample of a larger population.

Z-test

An analytical procedure in statistics that checks for differences between the means of two groups when the variances are established and there is a considerable number of samples.