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Neiger flours owes $16,929 in taxes on taxable income of $61,509. if the firm earns $100 more in income, it will owe an additional $48 in taxes. what is the average tax rate on income of $61,609? 28.00 percent 27.56 percent 33.33 percent 35.00 percent 30.33 percent

Respuesta :

In order to find Average Tax Rate on total Income of $61609, we need to find total tax paid , which can be found as below:

Total Tax= $16929+$48

Total Tax=$16977

Average Tax Rate=[tex]\frac{Total Tax}{Total Income}[/tex]*100

Avearage Tax Rate=[tex]\frac{16977}{61609}[/tex]*100

Average Tax Rate=27.56%

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