1.2 [Related to the Economics in Practice on p. 421] Using the following table, compute the total tax for income levels of $35,000; $70,000; $125,000; and $250,000 a single taxpayer. In each case, calculate average and marginal tax rates. Assume that in each case the taxpayer chooses the standard deduction and qualifies for a single exemption.

Rate On income between Amount owed on $100K ($93,800 taxed) Amount owed on $200K ($193,800 taxed) 15% $9,075–$36,900 $4,174 $4,174 25% $36,900–$89,350 $13,113 $13,113 28% $89,350–$186,350 $ 1,246 $27,160 33% $186,350–$405,100 0 $ 2,459