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Income Range. Tax Rate $15,000 and below. 5% $15,001-$30,000. 8% $30,001 - $60,000. 12% $60,001 - $120,000. 20% 1.) what tax is paid by someone who
Tax Rate 5% 8% 12% 20% 1.) what tax is paid by someone who earns $60,000? 2.) what is the average tax rate (rounded to the nearest tenth of a percentage point) for someone who earns $60,000? 3.) what is the average tax rate (rounded to the nearest tenth of a percentage point) for someone who earns $100,000? 4.) what is the marginal tax rate (rounded to the nearest tenth of a percentage point) for someone whose income increases from $50,000 to $80,000. 5.) what is the marginal tax rate (rounded to the nearest tenth of a percent point) for someone whose income increases from $80,000 to $100,000?