2. Using the table below, calculate Mr. Smith's expected taxes lling in intermediate steps. Income Tax Table Rate on Taxable Income Single Taxpayers What Mr. Smith Pays in This Bracket 10% Up to $9,075 15% $9,075-$36,900 $36,900-$89.350 3. What is Mr. Smith's marginal tax rate on his income? What is his average rate? 4. Several times over the past 25 years, many different politicians have suggested using the "at" tax. Using the table below, calculate Mr. Smith's expected taxes under this different tax system. Assume that there are no tax deductions under this tax regime. Income Tax Table Rate on Taxable Income Single Taxpayers What Mr. Smith Pays in This Bracket Up to $49,075 Over $49,075 Total Taxes: 5. What is Mr. Smith's marginal tax rate on his income? What is his average rate? 6. Who would benet the most by this change in tax law? Who would be hurt most