Kvngzi3342 Kvngzi3342
  • 03-01-2020
  • Business
contestada

A(n) _________ tax rate is the amount of taxes divided by the amount of income..

Respuesta :

andromache andromache
  • 03-01-2020

Answer:

Average tax rate

Explanation:

The average tax rate is that tax rate at which the taxes amount is divided by the total income amount

In mathematically,

Average tax rate = (Amount of taxes ÷ total income amount) × 100

It is always be expressed in percentage.

Suppose the tax amount is $25,000 and the total income amount is $100,000

So, the average tax rate would be

= $25,000 ÷ $100,000 × 100

= 25%

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