Tax Rates For the tax year $2015,$ the amount of tax owed by a single person earning between $\$ 37,450$ and $\$ 90,750$, can be found by evaluating the formula $0.25 x-4206.25,$ where $x$ is income. The average tax rate for this income can be found by evaluating the formula $\frac{0.25 x-4206.25}{x} .$ What would be the average tax rate for a single person earning $\$ 50,000 ?$