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The Williams household’s annual income is $296000. Based on the U.S. federal tax rates below, what is the average tax rate for the Williams household? (Assume zero tax deductions for solving this problem.)

Respuesta :

Answer and Explanation:

Since the question is asking for 'average tax rate' for Williams household, therefore, the tax rates are as follows:

$0 - $8,700 =                             0.10

$8,700 - $35,350 =                   0.15

$35,35 - $85,650 =                   0.25

$85,650 - $178,650 =                0.28

$178,650 - $388,350 =              0.33

                                               + _____

                                                    1.11 = 1.11/5 = 0.222 or 22.2 % = Answer

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