Asked in
Taxes and Tax Preparation
Math and Arithmetic
Income Taxes

What is your average tax rate if your taxable income is eighty-six thousand dollars and you paid taxes of eighteen thousand dollars?

Answer

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Wiki User
May 13, 2012 11:26PM

(18000/86000) x 100 = (18/86) x 100 = (9/43) x 100 = 900/43 = 20.93%