Question: Tax Formula, Form 1040, and Basic Concepts 2-37 2-5 40. Using the appropriate tax tables or tax rate schedules, determine the amount of tax liabil-

Tax Formula, Form 1040, and Basic Concepts 2-37 2-5 40. Using the appropriate tax tables or tax rate schedules, determine the amount of tax liabil- ity in each of the following instances: a. A married couple filing jointly with taxable income of $32,991. b. A married couple filing jointly with taxable income of $192,257. c. A married couple filing separately, one spouse with taxable income of $43,885 and the other with $56,218. d. A single person with taxable income of $79,436. e. A single person with taxable income of $297,784. f. A head of household with taxable income of $96,592. 8. A qualifying widow with taxable income of $14,019. h. A married couple filing jointly with taxable income of $11,216. 5 = 41. Determine the average tax rate and the marginal tax rate for each instance in question 40. a. Average Marginal b. Average = Marginal c. Average = Marginal d. Average = Marginal e. Average Marginal = f. Average Marginal 8. Average Marginal = h. Average = Marginal = = = = Tax Formula, Form 1040, and Basic Concepts 2-37 2-5 40. Using the appropriate tax tables or tax rate schedules, determine the amount of tax liabil- ity in each of the following instances: a. A married couple filing jointly with taxable income of $32,991. b. A married couple filing jointly with taxable income of $192,257. c. A married couple filing separately, one spouse with taxable income of $43,885 and the other with $56,218. d. A single person with taxable income of $79,436. e. A single person with taxable income of $297,784. f. A head of household with taxable income of $96,592. 8. A qualifying widow with taxable income of $14,019. h. A married couple filing jointly with taxable income of $11,216. 5 = 41. Determine the average tax rate and the marginal tax rate for each instance in question 40. a. Average Marginal b. Average = Marginal c. Average = Marginal d. Average = Marginal e. Average Marginal = f. Average Marginal 8. Average Marginal = h. Average = Marginal = = = =
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