What is her average tax rate

Reference no: EM133538198

Case: Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $223,650. Assume the following tax table is applicable.

Single Individuals

If Your Taxable Income Is	You Pay This Amount on the Base of the Bracket	Plus This Percentage on the Excess over the Base	Average Tax Rate at Top of Bracket
Up to $9,875	$0.00	10.0%	10.0%
$9,875-$40,125	987.50	12.0	11.5
$40,125-$85,525	4,617.50	22.0	17.1
$85,525-$163,300	14,605.50	24.0	20.4
$163,300-$207,350	33,271.50	32.0	22.8
$207,350-$518,400	47,367.50	35.0	30.1
Over $518,400	156,235.00	37.0	37.0

What is her average tax rate?

Reference no: EM133538198

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