Question: Using Table 3.6. calculate the marginal and average tax rates for a single taxpayer with the following incomes. intermediate calculations. Round your answers to 2


Using Table 3.6. calculate the marginal and average tax rates for a single taxpayer with the following incomes. intermediate calculations. Round your answers to 2 decimal places.) Income Average Tax Rate a. $ Marginal Tax Rate % % b. S 20,000 50,000 300.000 3,000,000 % % C. $ % 96 d. % % TABLE 3.6 Personal tax rates, 2018 Tax Rate(%) 10 Single Taxpayers S0-59.525 $9.526-538.700 $38.701-582.500 $82.501-$157.500 $157.501-$200.000 $200.00 1-$500.000 $500.001 and above Taxable income ($) Married Taxpayers Filing Joint Returns $0-$19.050 $ 19,051-$77,400 $77.401-$165.000 $ 165,00 1-$315.000 $315,00 1-$400,000 $400.00 1-$600.000 $600,00 1 and above 12. 22 24 32 35 37
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