Final answer:
The average tax rate for a person who paid taxes of $6,696.43 on a taxable income of $53,020 is approximately 12.65%.
Step-by-step explanation:
The average tax rate can be calculated by dividing the total tax paid by the taxable income. In this case, the total tax paid is $6,696.43 and the taxable income is $53,020. So, the average tax rate would be:
Average Tax Rate = ($6,696.43 / $53,020) × 100
Average Tax Rate = 12.65%
Therefore, the average tax rate for a person who paid taxes of $6,696.43 on a taxable income of $53,020 is approximately 12.65%.