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

Table in 2.3

Taxable Income                                     Tax Rate
$ 0 − 9,525 ...........................................        10%
9,525 − 38,700 .....................................        12
38,700 − 82,500 ...................................        22
82,500 − 157,500 ..................................       24
157,500 − 200,000 ...............................       32
200,000 − 500,000 ...............................       35
500,000 + ..............................................       37