Response to the following problem:
Determine the amount of average income tax liability per tax return, for each income range provided, using the information in the below table. Taxable Income and Total Tax Liability are in thousands. (Enter your answers in dollars rounded to the nearest dollar value.)
| Ranges of Adjusted Gross Income |
| Item |
Under $15,000 |
|
$15,000 to under $30,000 |
|
$30,000 to under $50,000 |
|
$50,000 to under $100,000 |
|
$100,000 to under $200,000 |
|
$200,000 or more |
|
| Number of returns |
|
36,181,194 |
|
|
|
30,321,571 |
|
|
|
26,110,889 |
|
|
|
32,327,738 |
|
|
|
17,534,600 |
|
|
|
6,210,595 |
|
|
| Taxable income |
$ |
22,125,213 |
|
|
$ |
213,795,812 |
|
|
$ |
553,217,626 |
|
|
$ |
1,558,146,414 |
|
|
$ |
1,787,498,797 |
|
|
$ |
2,784,889,814 |
|
|
| Total tax liability |
$ |
1,871,128 |
|
|
$ |
18,569,250 |
|
|
$ |
56,359,918 |
|
|
$ |
201,900,692 |
|
|
$ |
297,957,670 |
|
|
$ |
781,434,510 |
|
|
| Average tax rate |
|
8.46 |
% |
|
|
8.69 |
% |
|
|
10.19 |
% |
|
|
12.96 |
% |
|
|
16.67 |
% |
|
|
28 |