Question: Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition,

Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Jen and Jim. Calculating Taxable Income Taxable income Rate $1 $9,075 10.0% $9,076 $35,900 15.0% $36,901 $09,350 25.0% $89,351 $186,350 28.0% $186,351 $405,100 33.0% $405,101 $406,750 35.0% Over $406,751 39.6% Jim's Tax Scenario Jim is a young professional who lives in downtown Chicago. He has taxable income of $60,000 as a medical sales rep for Diusitech Inc. What is Jim's tax liability? What is Jim's top marginal tax rate? What is Jim's average tax rate

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