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Question 1 Use the following table for this question: Taxable income Tax rate Tax owed bracket 10% $0 to $9,950 10% of taxable income 12% $9,951 to $40,525 $995 plus 12% of the amount over $9,950 22% $40,526 to $86,375 $4,664 plus 22% of the amount over $40,525 24% $86,376 to $164,925 $14,751 plus 24% of the amount over $86,375 32% $164,926 to $209,425 $33,603 plus 32% of the amount over $164,925 35% $209,426 to $523,600 $47,843 plus 35% of the amount over $209,425 37% $523,601 or more $157,804.25 plus 37% of the amount over $523,600 Assume you are filing single are using the standard deduction of $12,550. Your income is $80,000. How much will you pay in income taxes? [ Select ] What is your marginal tax rate? [ Select | What is your average tax rate? [ Select ] The income tax in the united states is considered to be a [Select )