##### 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

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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
Dec 9th, 2016
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