Question: Answer the following three questions based on the data given in the table below: On Taxable Income ... The Tax Rate is ... Up to
Answer the following three questions based on the data given in the table below:
| On Taxable Income ... | The Tax Rate is ... |
| Up to $8,375 | 10% |
| From $8,375 to $34,000 | 15 |
| From $34,000 to $82,400 | 25 |
| From $82,400 to $171,850 | 28 |
| From $171,850 to $373,650 | 33 |
| Over $373,650 | 35 |
3.1. If Andra has $80,000 in taxable income, what is her tax liability (i.e., how much in taxes she has to pay)?(1 point)
3.2. If Andra has $80,000 in taxable income, what is her average tax rate?(1 point)
3.3. If Andra has $80,000 in taxable income, what is her marginal tax rate?(1 point)
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