Using the tax brackets and rates for$2014,$ compute the total tax for each of the following income levels for a single taxpayer. In each$$ case, calculate average and marginal tax rates. Assume that in each case the taxpayer chooses the standard deduction of$$ $$6,200$ and qualifies for a single exemption.

Part $2$

A single taxpayer earning

$$$$36$ comma $00036,000$

would pay taxes of

$$$$4016\mathrm{.}254016\mathrm{.}25$

with an average tax rate of

$11\mathrm{.}1611\mathrm{.}16$

percent and a marginal tax rate of

$1515$

percent.

$($Round

your responses to two decimal

places.$)$

Part $3$

A single taxpayer earning

$$$$120$ comma $000120,000$

would pay taxes of

$$$enter your response here

with an average tax rate of

enter your response here

percent and a marginal tax rate of

enter your response here

percent.

$($Round

your responses to two decimal

places.$)$Using the tax brackets and rates for$2014,$ compute the total tax for each of the following income levels for a single taxpayer. In each$$ case, calculate average and marginal tax rates. Assume that in each case the taxpayer chooses the standard deduction of$$ $$6,200$ and qualifies for a single exemption.

Part $2$

A single taxpayer earning

$$$$36$ comma $00036,000$

would pay taxes of

$$$$4016\mathrm{.}254016\mathrm{.}25$

with an average tax rate of

$11\mathrm{.}1611\mathrm{.}16$

percent and a marginal tax rate of

$1515$

percent.

$($Round

your responses to two decimal

places.$)$

Part $3$

A single taxpayer earning

$$$$120$ comma $000120,000$

would pay taxes of

$$$enter your response here

with an average tax rate of

enter your response here

percent and a marginal tax rate of

enter your response here

percent.

$($Round

your responses to two decimal

places.$)$