What would be the average tax rate for a person who paid taxes of $22,900 on a taxable income of $95,376?

29%

35%

24%

27%

To determine the average tax rate, we need to divide the total taxes paid by the taxable income and then multiply by 100 to get the percentage.

Given:
- Taxes paid: \$22,900
- Taxable income: \$95,376

The formula to calculate the average tax rate is:

\[ \text{Average Tax Rate} = \left( \frac{\text{Taxes Paid}}{\text{Taxable Income}} \right) \times 100 \]

Substitute the given values into the formula:

\[ \text{Average Tax Rate} = \left( \frac{22,900}{95,376} \right) \times 100 \]

First, perform the division:

\[ \frac{22,900}{95,376} \approx 0.2400 \]

Then, multiply by 100 to get the percentage:

\[ 0.2400 \times 100 = 24.00\% \]

Therefore, the average tax rate is:

\[ \boxed{24\%} \]

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What would be the average tax rate for a person who paid taxes of $22,900 on a taxable income of $95,376?

Learn how to calculate the average tax rate for someone who paid $22,900 in taxes on a taxable income of $95,376. This step-by-step solution explains percentage calculations and division, making it suitable for students in Grades 9-12.

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