Determine each persons average tax rate


Problem: Suppose a tax is such that an individual with an income of $10,000 pays $2,000 of tax, a person with an income of $20,000 pays $3,000 of tax, a person with an income of $30,000 pays $4,000 of tax, and so forth. What is each person's average tax rate?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Determine each persons average tax rate
Reference No:- TGS01927943

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)