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barmour44 barmour44
wrote...
Posts: 302
3 days ago

Table 18-9

Income Tax BracketMarginal Tax Rate
$0 - 6,00010%
6,001 - 20,00015%
20,001 - 44,50022%
44,501 and over 30%

Table 18-9 shows the income tax brackets and tax rates for single taxpayers in Monrovia.



Refer to Table 18-9. Sylvia is a single taxpayer with an income of $70,000. What is her marginal tax rate and what is her average tax rate?



marginal tax rate = 20%; average tax rate = 30%



marginal tax rate = 8%; average tax rate = 19.3%



marginal tax rate = 30%; average tax rate = 30%



marginal tax rate = 30%; average tax rate = 22.5%

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Edition: 1st
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curtissxx9curtissxx9
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Posts: 302
3 days ago
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marginal tax rate = 30%; average tax rate = 22.5%

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3 days ago
Thanks
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