The 2021 taxable income brackets and marginal tax rates for a single taxpayer are provided in the following table:

Taxable (Post-Deduction) Income Bracket	Marginal Tax Rate
$0 to $9,950	10%
$9,950 to $40,525	12%
$40,525 to $86,375	22%
$86,375 to $164,925	24%
$164,925 to $209,425	32%
$209,425 to $523,600	35%
$523,600 and above	37%

 1. Using this information and this information alone (i.e., without using the 1040 Instruction's Tax Tables), calculate the pre-credit tax liability for a single taxpayer with $20,000 of income who takes the standard deduction. What are the taxpayer's average and marginal tax rates? 

2.  Using this information and this information alone (i.e., without using the 1040 Instruction's Tax Tables), calculate the pre-credit tax liability for a single taxpayer with $80,000 of income who takes the standard deduction. What are the taxpayer's average and marginal tax rates? 

Personal Taxation and Behavior 

Answer rating: 100% (QA)

For a single taxpayer with 20000 of income who takes the standard deduction their taxable inc... View the full answer