Answer:
Average tax rate = 15.0975%
Explanation:
U.S. tax rate schedule for 2019
($39,475 to $84,200) = $4,543 + (22% over $39,475)
Total income = $65,000
Taxable income = $60,000
$5,000 are not include in taxable income .
Computation:
Tax liability($39,475 to $84,200) = $4,543 + ($60,000 - $39,475) × 22%
Tax liability($39,475 to $84,200) = $4,543 + $4,515.5
Tax liability($39,475 to $84,200) = $9,058.5
Average tax rate = $9,058.5 / $60,000
Average tax rate = 0.150975
Average tax rate = 15.0975%
