QUESTION 42
Table 12-2
The following table shows the marginal tax rates for unmarried individ...
Social Studies, 06.11.2020 23:50 DoomydoomGir
QUESTION 42
Table 12-2
The following table shows the marginal tax rates for unmarried individuals for two years.
Over $0
2019
2020
On Taxable income The Tax Rate Is... On Taxable income... The Tax Rate Is...
$0 to $15,000
10%
20%
$15,000 to $40,000 15%
$40,000 to $75,000 20%
$75,000 to $120,000 25%
Over $120,000
30%
Refer to Table 12-2. For an individual who eamed $80,000 of taxable income in 2019, what was the individual's average tax rate in 20197
a. 15.0%
b. 12.7%
c. 16.9%
d. 16.1%
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Answers: 1
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