Could someone show me how to calculate average tax rate. What would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870?

Can someone help please?

(4,864.14 / 39,870) * 100 = ?

Is it 12.2? Thanks alot!

Sure, I'd be happy to help you calculate the average tax rate.

To calculate the average tax rate, you need to divide the total amount of taxes paid by the taxable income and express it as a percentage.

Here are the steps:

1. Divide the taxes paid ($4,864.14) by the taxable income ($39,870): $4,864.14 / $39,870 = 0.1218

2. Multiply the result by 100 to convert it to a percentage: 0.1218 * 100 = 12.18%

So, the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870 is 12.18%.

If you'd like to calculate the average tax rate for a different scenario, just follow the same steps using the appropriate numbers.