Question: 4 . Using Table 1 9 . 1 , compute the taxable income and taxes for the following taxpayers: L O 1 9 - 1

4. Using Table 19.1, compute the taxable income and taxes for the following taxpayers: LO19-1
Taxpayer Gross Income Deductions Taxable Income Tax
A $20,000 $4,000________________
B 40,00016,000________________
C 80,00034,000________________
D 200,000110,000________________
Which taxpayer has
a. The highest nominal (or average) tax rate?
b. The highest effective tax rate?
c. The highest marginal tax rate?

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