If your income is $92,000 and you pay taxes of $19,475, what is your average tax rate? Show your work

What will be an ideal response?

Average tax rate = $19,475/$92,000 = 0.21168 or 21.168 percent.

Economics

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What accounted for much of policymakers' concern over U.S. current account deficits in the 1980s, 1990s, and 2000s?

A) The current account deficits were thought to be largely responsible for the federal budget deficit. B) Current account deficits lower U.S. interest rates, thereby leading to reduced domestic saving. C) Current account deficits require the United States to borrow funds from foreign savers. D) The United States had signed international agreements in which it had pledged not to run a current account deficit for more than three years in a row.

Economics

Which of the following would cause the long-run aggregate supply curve to shift to the right?

A) an increase in wages B) an increase in demand C) an increase in productivity D) an increase in taxes on profits

Economics