FAU FIN 3403 Average, Marginal Rates & Rounding Errors - I...

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I had a question on how to calculate the average and marginal tax rate. I'm not sure on how to calculate either. For the average tax rate this was my calculations and I got it wrong.50000(.15)=750025000(.25)=625025000(.34)=8500161000(.39)=62790avg tax=85040/261000=.33The answer I get from your numbers (which are correct) is similar at .3258 or 32.6%. Have you tried not rounding? I will also check to make sure again that this chapter has the correct tolerance levels right
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