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What was her average tax rate

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Question - Your mother has asked you to calculate her average tax rate. The only income she receives is salary. On the first $45,000 of income the marginal tax rate is 20.5%. On the next $50,000 of income the marginal tax rate is 31.40%. On the next $55,000 of income the marginal tax rate is 42.80% and on income over $150,000 the marginal tax rate is 53.50%. Your mom had an income of $175,000.  What was her average tax rate. You may ignore the personal exemption and other tax credits that your mom is entitled to.

Reference no: EM133090508

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