Maureen Smith is a single individual She claims a standard deduction of $12,400 Her salary for the year was $246,100 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 calculate her average tax rate

Question: Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $246,100. Assume the following tax table

Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the year was $246,100. 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

calculate her average tax rate?

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