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,1 etisalat 1 : 35 2020 / 4 / 24 Question 1: (5 marks: 1 mark for each) 1. Samal and Pa married couple, have

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,1 etisalat 1 : 35 2020 / 4 / 24 Question 1: (5 marks: 1 mark for each) 1. Samal and Pa married couple, have taxable income of $87,175, calculate their taxable income and determine the marginal tax rate Answer Taxable income = 587,175 $19. 400 x 10%= SD 950 1940) 12 $1940 00 140 00 - 175 x22 (% 51 . 035 $10.895.50 Total tax liability The marginal tax rate is 22% 2. Jamal and P a married couple have taxable income of $87,175, determine the average 5 500 SR -10400 12 552 Total taxability 102 51dE 21 10 175

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