Top Posters
Since Sunday
82
a
50
14
10
G
9
I
8
m
8
7
m
7
K
7
6
b
6
New Topic  
barmour44 barmour44
wrote...
Posts: 304
A week 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%

Textbook 

InMicro


Edition: 1st
Authors:
Read 57 times
2 Replies
Replies
Answer verified by a subject expert
curtissxx9curtissxx9
wrote...
Posts: 302
A week ago
Sign in or Sign up in seconds to unlock everything for free.

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

1

Related Topics

wrote...
A week ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers.
Learn More
Improve Grades
Help Others
Save Time
Accessible 24/7
  112 People Browsing
 115 Signed Up Today
Your Opinion
Do you believe in global warming?
Votes: 193

Related Images
 10564
 1457
 34