If your income is $65,000, with income up to $17,000 subject to a 10% tax rate and incomeabove $17,000 subject to 15% tax rate, then your average tax rate is
Question
Solution 1
To calculate the average tax rate, you first need to calculate the total tax paid.
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Calculate the tax for the income up to 17,000 * 10% = $1,700.
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Calculate the tax for the income above $17,000:
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