Question

Following is a partial personal taxable income schedule for a single filer:

Over— But Not
Over—
Difference Marginal
Tax Rate
$ 0 $ 9,525 $ 9,525 0.10
9,525 38,700 29,175 0.12
38,70082,500 43,800 0.22

The average tax rate for a single filer with taxable income of $82,500 would be:

a. 12.0%

b. 17.1%

c. 18.6%

d. 22.0%

Answer

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