$2023$ Tax Rate Schedules

Individuals

Schedule X$-$Single

Schedule Y$-1-$Married Filing Jointly or Qualifying surviving spouse

Schedule Z$-$Head of Household

Schedule Y$-2-$Married Filing Separately Problem $1-34($LO $1-3)($Algo$)$

Chuck, a single taxpayer, earns $$84,600$ in taxable income and $$15,900$ in interest from an investment in City of Heflin bonds. $($Use the

U$.$S tax rate schedule.$)$

Required:

a$.$ How much federal tax will he owe?

b$.$ What is his average tax rate?

c$.$ What is his effective tax rate?

d$.$ What is his current marginal tax rate?

Complete this question by entering your answers in the tabs below.

How much federal tax will he owe?

Note: Do not round intermediate calculations. Round "Federal tax" to nearest whole dollar amount. Chuck, a single taxpayer, earns $$84,600$ in taxable income and $$15,900$ in interest from an investment in City of Heflin bonds. $($Use the

U$.$S tax rate schedule.$)$

Required:

a$.$ How much federal tax will he owe?

b$.$ What is his average tax rate?

c$.$ What is his effective tax rate?

d$.$ What is his current marginal tax rate?

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

What is his average tax rate?

Note: Do not round intermediate calculations. Round total tax to nearest whole dollar amount and average tax rate to two

decimal Places. Problem $1-34($LO $1-3)($Algo$)$

Chuck, a single taxpayer, earns $$84,600$ in taxable income and $$15,900$ in interest from an investment in City of Heflin bonds. $($Use the

U$.$S tax rate schedule.$)$

Required:

a$.$ How much federal tax will he owe?

b$.$ What is his average tax rate?

c$.$ What is his effective tax rate?

d$.$ What is his current marginal tax rate?

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

What is his effective tax rate?

Note: Do not round intermediate calculations. Round total tax to nearest whole dollar amount and effective tax rate to two

helo me please!!!!

decimal Places.