Last year you made $$160,000$ and your spouse made $$50,000.$ The tax schedule for

single filers and married couples is given below:

SINGLE FILER

Tax rate Income Bracket

$10\%$ $$0-10,000$

$12\%$ $$10,001-40,000$

$22\%$ $$40,001-90,000$

$24\%$ $$90,001-170,000$

$32\%$ $$170,001-216,000$

$35\%$ $$216,001-540,000$

$37\%$ $$540-001$ and above

FILLING JOINTLY

Tax rate Income Bracket

$10\%$ $$0-20,000$

$12\%$ $$20,001-84,000$

$22\%$ $$84,001-178,000$

$24\%$ $$178,001-340,000$

$32\%$ $$340,001-432,000$

$35\%$ $$432,001-647,000$

$37\%$ $$647,001$ and above

$1.$ Estimate your average and marginal tax rate.

$2.$ Estimate the average and marginal tax rate of your spouse.

$3.$ Estimate your average and marginal tax rate if you file jointly with your spouse.

$4.$ How much will you save on taxes if you decide to file jointly $($compared to the

two spouses filing separately$)?$