What is K average tax rate

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Problem - During the current year, K's taxable income is $89,000 and he pays income tax of $15,541.00. K is single, has no dependents, and does not itemize his deductions. J, who files in exactly the same manner as K, has taxable income of $90,000 and pays income tax of $15,781.00.

Required -

What is K's average tax rate?

What is J's average tax rate?

If K's income increased to the same amount as J, what would K's marginal tax rate be?

Reference no: EM132677335

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