2. Calculating tax liabilities Calculating Taxable Income Taxable income Rate $1 - $9,075 10.0% $9,076 - $36,900 15.0% $36,901 - $89,350 25.0% 28.0% $89,351 - $186,350 $186,351 - $405,100 33.0% $405,101 - $406,750 35.0% Over $406,751 39.6% Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Michelle and Cameron. Michelle's Tax Scenario Michelle is a young professional who lives in downtown New York City. She has taxable income of $92,735 as an advertising account executive for Scorecard Corp. What is Michelle's tax liability? $ What is Michelle's top marginal tax rate? What is Michelle's average tax rate? Cameron's Tax Scenario Cameron is a young professional who lives in downtown Orlando. He has taxable income of $63,000 as a medical sales rep for Atherton Fuels. What is Cameron's tax liability? $ What is Cameron's top marginal tax rate? What is Cameron's average tax rate