2. Calculating tax liabilities Calculating Taxable Income Rate Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101 - $406,750 Over $406,751 10.0% 15.0% 25.0% 28.0% 35.0% 39.6% Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the ability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Chloe and Clark. Chloe's Tax Scenario Chloe is a young professional who lives in downtown San Francisco. She has taxable income of $94,235 as an advertising account executive for Charles Underwood Agency Inc. What is Chloe's tax liability? What is Chloe's top marginal tax rate? What is Chloe's average tax rate? Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest doll addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Chloe and Clark. Chloe's Tax Scenario Chloe is a young professional who lives in downtown San Francisco. She has taxable income of $94,235 as an advertising account executive for Charles Underwood Agency Inc. What is Chloe's tax liability? S What is Chloe's top marginal tax rate? What is Chloe's average tax rate? Clark's Tax Scenario Clark is a young professional who lives in downtown Seattle. He has taxable income of $62,000 as a medical sales rep for Frasier-dool Inc. What is Clark's tax liability? S What is Clark's top marginal tax rate? What is Clark's average tax rate