You earned $34,000 and your total tax due was $6,200. what was your average tax rate?
1 answer:
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Answer:
0
Step-by-step explanation:
The question lacks the graph to be able to solve it, I was doing a little research and I could find the graph which I will attach:
Already with the figure we can solve the question.
We have that the average exchange rate in this case would only take the normal slope between those 2 lines
. Furthermore we know that the slope (m) is given by:
m = (y2-y1) / (x2 - x1)
From the graph we have to:
y2 = 0
y1 = 0
x2 = 5
x1 = 3
we replace:
m = (0-0) / (5 - 3)
m = 0
Therefore the average rate is 0.
