Alan and Sara Smith are a married couple who file a joint income tax return. They have two children, and they have legitimate itemized deductions totaling $36,600. Their total income from wages is $375,600. Assume the following tax table is applicable: Married Couples Filing Joint Returns If Your Taxable Income Is Up to $19,050 You Pay This Amount on the Base of the Bracket Base 10.0% $0.00 $19,050-S77,400 1,905.00 $77,400-$165,000 8,907.00 $165,000-$315,000 28,179.00 $315,000-$400,000 64,179.00 $400,000-$600,000 91,379.00 Over $600,000 161,379.00 Plus This Percentage Average Tax on the Excess over the Rate at 12.0 22.0 24.0 32.0 35.0 37.0 Top of Bracket 10.0% 11.5 17.1 20.4 22.8 26.9 37.0 What is their federal tax liability? Based on the information given above, what is the average tax rate for Alan and Sara Smith?