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.

Part 1 (2 points) What would be your federal income tax if your taxable income was $104,000.00? $

What is the average tax rate for $104,000.00 in taxable income? % Part 2 (2 points) How much tax would you owe if your income increased by $25,000 to $129,000.00? $

What would be your average tax rate with $129,000.00 of taxable income? %

Taxable income $0-$9.700 $9,701-$39,475 $39,476-$84,200 $84,201-160,725 $160,726-5204,100 $204,101-$510,300 Over $510,300 Tax rate 10% 12 22 24 32 35 37