Timmy Tappan is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate his income taxes. What is the average tax rate? What is the marginal tax rate?

Taxable Income ..............Tax Rate
$ 0–9,700 ...............................10%
9,700–39,475 .........................12
39,475–84,200 .......................22
84,200–160,725 ....................24
160,725–204,100 ..................32
204,100–510,300 ..................35
510,300+ ...............................37