2. Calculating tax liabilities Calculating Taxable Income Rate 10.0% Taxable income $1 - 59,075 59,076 - 536,900 $36,901 - 589,350 15.0% 25.0% 28.0% 589,351 - $186,350 $186,351 - $405,100 33.0% $405,101 - 5406,750 35.0% Over 5406,751 39.6% Jen's Tax Scenario Jen is a young professional who lives in downtown St. Louis. She has taxable income of $93,235 as an advertising account executive for Fitcom Corporation What is Jen's tax liability? What is Jen's top marginal tax rate? What is Jen's average tax rate? Jim's Tax Scenario Om is a young professional who lives in downtown Chicago. He has taxable income of $60,000 as a medical sales rep for Diusitech Inc. What is Jim's tax liability What is Jim's top marginal tax rate? What is Jim's average tax rate