Answer:
E. 27.56 %
Explanation:
Firstly, we calculate the total tax for the $61609 income, after which we proceed to calculating the average tax rate using the formula as shown below.
Given that
Total tax = 16929 + 48 = 16977
Total income = 61609
Recall that
average tax rate = (total tax ÷ total incom) × 100
Thus, we have
Average tax rate = (16977 ÷ 61609 ) × 100
= 0.27556 × 100
= 27. 556%
= 27.56%
