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28 Sep 2019
Taxable Income Range Marginal Tax Rate
$0 to $10,000 @ 12%
$10,001 to $24,500 @ 18%
$24,501 to $68,000 @ 27%
$68,001 and above @ 38%
The table shows the taxable income range and marginal tax rates for a single taxpayer in Oceania. There are no exemptions or deductions on personal income taxes in Oceania.
The income tax paid by George, a single taxpayer with an income of $65,000, is
A. $11,100
B. $14,745
C. $15,345
D. $17,550
What is George's average tax rate?
A. 19.00%
B. 22.68%
C. 23.61%
D. 27%
Taxable Income Range Marginal Tax Rate
What is George's average tax rate? A. 19.00% B. 22.68% C. 23.61% D. 27% |
Darryn D'SouzaLv10
28 Sep 2019