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:53 Maria Lipa is single and had $199,200 in taxable income. Use the rates from Table 2.3 a. What is the average tax rate?
:53 Maria Lipa is single and had $199,200 in taxable income. Use the rates from Table 2.3 a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Average tax rate % b. Marginal tax rate % Taxable Income Tax Rate 10% TABLE 2.3 Personal tax rates for 2018 (unmarried Individuals) 0- 9,525 9,525- 38,700 12 38,700- 82,500 22 82,500- 157,500 24 157,500- 200,000 32 200,000- 500,000 35 500,000+ 37
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