Assume that Romeo and Juilet, a married couple, have taxable income of $100,000 which is taxed according to the following table below:

Taxable Income

Tax Rate

0 to $30,000

10%

$30,001 to $60,000

20%

$60,001 to $90,000

30%

$90,001 to $120,000

35%

Romeo and Juilet's marginal tax rate and their average tax rate

What is marginal rate and average tax rate

A.Marginal Tax Rate = 35%, Average Tax Rate = 21.5%

B.Marginal Tax Rate = 35%, Average Tax Rate = 23.75%

C.Marginal Tax Rate = 21.5%, Average Tax Rate = 35%

D.Marginal Tax Rate = 23.75%, Average Tax Rate = 21.5%

E.Marginal Tax Rate = 35%, Average Tax Rate = 35%