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Using the tax rates in the following table, what is the average tax rate for a p...
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Using the tax rates in the following table, what is the average tax rate for a person earning $120,000 per year who paid $35,850 to the government asincome tax?
| Taxable income | Tax rate on this income |
| $0-6,000 | Nil |
| $6,001-$25,000 | 15% over $6,000 |
| $25,001-$75,000 | $2850+30% over $25,000 |
| $75,001-$150,000 | $17,850+40% over $75,000 |
| Over $150,000 | $47,000+45% over $150,000 |
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