Question

A man's taxable income is $35 200. He pays income tax at the rate of 25%. The amount of income tax payable is

Answer 1

Answer:

26.1%

Step-by-step explanation:

If you make $35,000 a year living in the region of California, USA, you will be taxed $6,366. That means that your net pay will be $28,634 per year, or $2,386 per month. Your average tax rate is 18.2% and your marginal tax rate is 26.1%.