1. After deductions and credit, Sally has 250,000 in taxable income. Using Table 2.3 (individual tax rate - single), calculate the federal income taxes owed by Sally. Round to the nearest dollar.

2. After deductions and credit, Sally has 250,000 in taxable income. Using Table 2.3 (individual tax rate - single), calculate Sally's average tax rate. Enter percentages as decimals and round to 4 decimals (e.g 5.55% = 0.0555)

3. After deductions and credit, Sally has 250,000 in taxable income. Using Table 2.3 (individual tax rate - single), calculate Sally's marginal tax rate. Enter percentages as decimals and round to 4 decimals (e.g 5.55% = 0.0555)

PLEASE SHOW WORK. THANK YOU!

TABLE 2.3 Personal Tax Rates for 2019 (Unmarried Individuals) Taxable income Tax Rate 10% 12 $ 0-9,700 9,700-39,475 39,475-84,200 84,200-160,725 160,725-204,100 204,100-510,300 510,300+ 22 24 32 35 37