11 Question (4 points) See page 517 PRACTICE WHAT YOU KNOW Using the 2019 marginal tax rates provided in the table below find the marginal and average tax rates for the incomes shown. Give all answers to two decimals Taxable income 50-59,700 $9.701-$39.475 $39,476-$84.200 $84.201-160,725 $160.725-5204,100 $204,101-$510,300 Over $510.300 Tax rate 10% 12 22 24 32 35 37 2nd attempt Part 1 (2 points) See Hint What would be your federal income tax if your taxable income was $124,000.00 S What is the average tax rate for $124,000.00 in taxable income? Part 1 (2 points) See Hint What would be your federal income tax if your taxable income was $124,000.00 $ What is the average tax rate for $124 000.00 in taxable income? Part 2 (2 points) See Hint How much tax would you owe if your income increased by $25.000 to $149,000.00 $ What would be your average tax rate with $149,000.00 of taxable income