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rahmao2773
14.02.2020 •
Business
Assume that in year 1 your average tax rate is 20 percent on a taxable income of $20,000. If the marginal tax rate on the next $10,000 of taxable income is 30 percent, what will be the average tax rate if your taxable income rises to $30,000?
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Ответ:
Average Tax rate if income rises to $30,000 is 23.33%
Explanation:
Tax on First $20,000 = 20%
Tax on Next $10,000 = 10%
Tax on First $20,000 = $20,000 x 20%
Tax on First $20,000 = $4,000
Tax on Next $10,000 = $10,000 x 30%
Tax on Next $10,000 = $3,000
Total Tax on $30,000 = $4,000 + $3,000
Total Tax on $30,000 = $7,000
Average Tax rate = ( $7,000 / $30,000 ) x 100
Average Tax rate = 23.33%
Ответ: