Multiple Choice
Refer to Scenario 19.1 below to answer the question(s) that follow.
SCENARIO 19.1: An individual earning $60,000 pays $12,000 in taxes. The marginal tax rate on any income earned above $60,000 is 25%.
-Refer to Scenario 19.1. When this person earns $70,000, her average tax rate is
A) 20.7%.
B) 22.5%.
C) 25%.
D) indeterminate from this information.
Correct Answer:

Verified
Correct Answer:
Verified
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