Given the personal income tax rates as shown, the average tax rate for an individual with taxable income of $94,200 is percent. Taxable Income Tax Rate $4 9.525 10% 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24

Given the personal income tax rates as shown, the average tax rate for an individual with taxable income of $94,200 is percent. Taxable Income Tax Rate $4 9.525 10% 9,526 38,700 12 38,701 82,500 22 82,501 157,500 24

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions

Section: Chapter Questions

Problem 23CE

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Question

Quickly please

Given the personal income tax rates as shown, the average tax rate for an individual with taxable income
of $94,200 is
percent.
Taxable Income
Tax Rate
$4
9,525
10%
9,526
38,700
12
38,701
82,500
22
82,501
157,500
24

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