PLEASE ANSWER THE QUESTIONS A. B, C, AND D.

THANK YOU IN ADVANCE!

Lising Excel to find the narryinal tax rale cau he accomplished using the VLOOKUP functien. ffowever, calculating the total tax bill is a litlle more difficult. Below we have shown a copy of the IRS tax table for an unmarried individual tor 2020. Orten. tax tables are prosented in this format. In reading this table, the murginal tax rate for taxable income less than $9,875 is 30 percent. If the taxable income is between $9,875 and $40,125, the tax bill is $987.50 plus the marginal taxes. The marginal taxes are calculated as the taxable income minus $9,875 times the marginal tax rate of 12 percent. l3elow, we have the tax table that was applicable for married intlividuals filing jointly in 2020. a. Create a tax table in Excel for a couple filing jointly similar to the individual tax table shown above. Your spreadsheet should then calculate the marginal tax rate, the average tax rate, and the tax bill for any level of taxable income input by a user. b. For a seaphe income of $225,000, what is the marginal tax rate? c. For z :avabie income of $225,000, what is the total tax bill? d. For a :axabic income of $225,000, what is the average tax rate