Attempts: Average: 76 te 2. Calculating tax liabilities Calculating Taxable Income Taxable income Rate 10.0% 15.0% $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101 - $406,750 Over $406,751 25.0% 28.0% 33.0% 35.0% 39.6% Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the ability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Jen and Tim. Jen's Tax Scenario Jen is a young professional who lives in downtown St. Louis. She has taxable income of $95,235 as an advertising account executive for Fitcom Corporation What is Jen's tax liability? $ What is Jen's top marginal tax rate? 19.50% or 28% or 25% 29.20% or 20.83% or 19.50% What is Jen's average tax rate? Jen's Tax Scenario Jen is a young professional who lives in downtown St. Louis. She has taxable income of $95,235 as an advertising account executive for Fitcom Corporation What is Jen's tax liability? S What is Jen's top marginal tax rate? 19.50% or 28% or 25% 29.20%. Or 20.83% or 19.50%. What is Jen's average tax rate? Jim's Tax Scenario Jim is a young professional who lives in downtown Chicago. He has taxable income of $62,500 as a medical sales rep for Diusitech Inc. What is Jim's tax liability? 9/15/20, 10:19 PM Aplia: Student Question What is Jim's top marginal tax rate? 16.67% or 15% or 25% 29.20% or 18.37% or 16.67% What is Jim's average tax rate? Grade It Now Save & Continue Continue without saving