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Question
Table 18-6| Income Tax Bracket | Marginal Tax Rate |
| $0 - 8,000 | 12% |
| 8,001 - 22,000 | 17% |
| 22,001 - 48,000 | 25% |
| 48,001 and over | 38% |
Table 18-6 shows the income tax brackets and tax rates for single taxpayers in Calpernia.
Refer to Table 18-6. Sasha is a single taxpayer with an income of $60,000. What is his marginal tax rate and what is his average tax rate?
A) marginal tax rate = 38%; average tax rate = 23%
B) marginal tax rate = 17%; average tax rate = 21%
C) marginal tax rate = 38%; average tax rate = 24%
D) marginal tax rate = 23%; average tax rate = 38%
Answer
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