Use the Federal Income Tax levels to calculate the amount of taxowed and the tax rates: Federal Income Tax Table for 2020: SingleFilers \table[[Tax Rate,Taxable Income Bracket],[10%,$0 to$9,875],[12%,$9,876 to $40,125],[22%,$40,126 to$85,525],[24%,$85,526 to $163,300],[32%,$163,301 to$207,350],[35%,$207,351 to $518,400],[37%,$518,401 or more]] OASDI(Social Security) is
6.2%for incomes up to
$137,700. Medicare is
1.45%with no income limit. An individual earns
$93,000per year. What is their total average tax rate? (Their averagetax rate based on their total taxes paid) Round to two decimalplaces and do not include the percent sign. Example:
10.32%is entered as 10.32
