2. Suppose, upon graduation, you get a job earning a taxable income of $50,000 per year. Also, suppose this is the tax schedule for 2022, your first full year of employment. Calculate your full tax liabilities for 2022 (assuming $50K annual taxable income). Fill in the appropriate boxes below an calculate the total amount of tax you will owe. Col1 Marginal Tax Rate Col 2 Lower End of Bracket Col 3 Tax Payments Col I (Col Upper End of Bracket 3 - Col 2) $10,000 10% 12% $10,000 $40,000 22% $40,000 $85,000 24% $85,000 $163,000 32% $163,000 $207,000 $518,000 35% $207,000 37% $518,000 No limit Total Taxes ->