Is this progressive tax-the marginal tax rate

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Suppose in Fiscalville there is a 0 percent tax on the first $10,000 of income, but a 15 percent tax on earnings between $10,000 and $20,000 and a 30 percent tax on income between $20,000 and $30,000. Any income above $30,000 is taxed at 45 percent.

If your income is $50,000, how much will you pay in taxes?

The marginal tax rate is ___

The average tax rate is ___

Is this a progressive tax?

Reference no: EM13898528

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