Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
New Topic  
barmour44 barmour44
wrote...
Posts: 420
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%

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 144 times
2 Replies
Replies
Answer verified by a subject expert
Curtis x.Curtis x.
wrote...
Posts: 377
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

barmour44 Author
wrote...
4 years ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1782 People Browsing
Related Images
  
 331
  
 508
  
 346
Your Opinion
Which country would you like to visit for its food?
Votes: 262

Previous poll results: Where do you get your textbooks?