Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes shown. Give all answers to two decimals. Tax rate 10% 12 22 Taxable Income $0-$9,700 $9,701-$39,475 $39,476-584,200 $84.201-160,725 $160,726-5204,100 $204101-5510,300 Over $510,300 24 32 35 37 Part 1 (2 points) What would be your federal income tax if your taxable income was $121,000.00? $ What is the average tax rate for $121,000.00 in taxable income? % Part 2 (2 points) How much tax would you owe if your income increased by $25,000 to $146,000.00 $ What would be your average tax rate with $146,000.00 of taxable income? 96