Multiple Choice
Table 18-4
Table 18-4 shows the income tax brackets and tax rates for single taxpayers in Calpernia.
-Refer to Table 18-4.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%
Correct Answer:

Verified
Correct Answer:
Verified
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