Question: S e. Apply the tax rates shown in the table below to your taxable income. Marginal Tax Rate % 10% 12% 22% 24% 32% 35%

S e. Apply the tax rates shown in the table below to your taxable income. Marginal Tax Rate % 10% 12% 22% 24% 32% 35% 37% Total Taxable Income $0 $20,550 $20,551 $83,550 $83,551 $178, 150 $178,151 $340,100 $340,101 $431,900 $431,901 $647,850 $647,850 and above. $ - - How much federal income tax will you owe? Instructions: Enter your answer rounded to 2 decimal places. percent - What marginal tax rate applies to your last dollar of taxable income? f. As the parent of a dependent child, you qualify for the government's $3,600 per-child "tax credit" for children aged 5 and under. (For older children, the credit is a little less.) Like all tax credits, this $3,600 credit "pays" for $3,600 of the tax you owe. Given this credit, how much money will you have to pay in taxes? Instructions: Enter your answer rounded to 2 decimal places. Using that actual amount, what is your average tax rate relative to your taxable income in part d? Instructions: Enter your answer rounded to 1 decimal place

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