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barmour44 barmour44
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4 years 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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InMicro

InMicro


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Curtis x.Curtis x.
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barmour44 Author
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