Table 12-10
-Refer to Table 12-10. If Jace has $33,000 in taxable income, his average tax rate is
A)13.7%.
B)14.6%.
C)15.0%.
D)15.2%.

Name: Table 12-10 -Refer to Table 12-10. If Jace has $33,000 in taxable income, his average tax rate is A)13.7%. B)14.6%. C)15.0%. D)15.2%.
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Question

Table 12-10 
-Refer to Table 12-10. If Jace has $33,000 in taxable income, his average tax rate is
A)13.7%. 
B)14.6%. 
C)15.0%. 
D)15.2%.

Quizplus · Accepted Answer

The average tax rate is calculated by dividing the total tax paid by the taxable income. If Jace's average tax rate is 13.7%, it means that the total tax paid is approximately 13.7% of his $33,000 taxable income.

Table 12-10 -Refer to Table 12-10. If Jace Has $33,000 in Taxable