The table below shows an income tax schedule for the imaginary country of Independence. Connor is a citizen of Independence who earns $95,000 per year at his job. Assume Connor is not eligible for any deductions or exemptions.
| Taxable income |
Marginal tax
rate (%) |
| $0-$5,000 |
5 |
| $5,001-$15,000 |
7 |
| $15,001-$30,000 |
9 |
| $30,001-$50,000 |
11 |
| $50,001-$75,000 |
13 |
| $75,001-$100,000 |
15 |
| $100,001-$130,000 |
20 |
| $130,001-$175,000 |
21 |
| $175,001+ |
22 |
Instructions: Round your answers to one decimal place.
a. Connor pays $ in income tax.
b. Connor's marginal tax rate is %.
Connor's average tax rate is %.
c. Connor isn't crazy about his job and wants to move to a job in a related industry that pays $100,000.
With his new job, Connor will have to pay $ in taxes.
d. The income tax in Independence is