Multiple Choice
David earned $59,000 last year. Tax rate earned on the first $20,000 is 15%; 25% on the next $25,000 and 30% for the remainder of income. What was the average tax rate?
A) 25%
B) 24.15%
C) 23.33%
D) 22.85%
E) 21.22%
Correct Answer:
Verified
Correct Answer:
Verified
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