##### â€‹calculate the marginal and average tax rate

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calculate the marginal and average tax rates for this incomes with the table below

1. Y= \$30,000

2. Y= \$70,000

3. Y= \$130,000

4. Y= \$600,000

 Income Brackets Marginal Tax Rate 0    -  \$10,000 5% \$10,000    -  \$30,000 10% \$30,000    -  \$60,000 15% \$60,000    -  \$100,000 20% \$100,000  - \$300,000 25% \$300,000  -  \$600,000 30% \$600,000  - 40%

Oct 7th, 2015

Hi, I am working on your problem. It is a long question, I will send you the answer in few minutes.

Please let me know if you need any clarification. I'm always happy to answer your questions. Kindly best this answer if it has helped you.
Oct 7th, 2015

So, required answers are as mentioned below -

Income                  Average tax rate            Marginal tax rate

\$30,000                         8.33%                             10.00%

\$70,000                         12.86%                           20.00%

\$130,000                        17.31%                           25.00%

\$600,000                         25.83%                         30.00%

Oct 7th, 2015

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Oct 7th, 2015
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Oct 7th, 2015
Oct 22nd, 2017
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