Table 154 Table 154 Shows the Income Tax Brackets and Tax Rates for \text

Multiple Choice

Table 15.4
$\begin{array}{|c|c|}\hline \text { Income Tax Bracket } & \text { Marginal Tax Rate } \\\hline \$ 0-8,000 & 12 \% \\\hline 8,001-22,000 & 17 \% \\\hline 22,001-48,000 & 25 \% \\\hline 48,001 \text { and over } & 38 \% \\\hline\end{array}$
Table 15.4 shows the income tax brackets and tax rates for single taxpayers in Madeupistan.
-Refer to Table 15.4.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%