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Table 18-6

Income Tax BracketMarginal Tax Rate
$0 - 8,00012%
8,001 - 22,00017%
22,001 - 48,00025%
48,001 and over 38%
Table 18-6 shows the income tax brackets and tax rates for single taxpayers in Calpernia.


Refer to Table 18-6. Sasha is a single taxpayer with an income of $60,000. What is his marginal tax rate and what is his average tax rate?

• marginal tax rate = 38%; average tax rate = 23%

• marginal tax rate = 17%; average tax rate = 21%

• marginal tax rate = 38%; average tax rate = 24%

• marginal tax rate = 23%; average tax rate = 38%
Textbook 
Microeconomics
Edition: 7th
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marginal tax rate = 38%; average tax rate = 24%
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