Based on the amounts of taxable income provided, compute the federal income tax payable in 2019 on each amount assuming the taxpayers are married filing a joint return. Also, for each amount of taxable income, compute the average tax rate and the marginal tax rate. a)Taxable income of $72,000. b)Taxable income of $135,000. c)Taxable income of $370,000. d) Taxable income of $680,000.

Married, Filing Joint and Surviving Spouse If taxable income is: The tax is: Not over $19,400 . . . . . . . . . . . . . . . . . . . 10% of taxable income.

Over $19,400 but not over $78,950 . . . . . $1,940.00 + 12% of the excess over $19,400.

Over $78,950 but not over $168,400 . . . . $9,086.00 + 22% of the excess over $78,950.

Over $168,400 but not over $321,450 . . . $28,765.00 + 24% of the excess over $168,400.

Over $321,450 but not over $408,200 . . . $65,497.00 + 32% of the excess over $321,450.

Over $408,200 but not over $612,350 . . . $93,257.00 + 35% of the excess over $408,200.

Over $612,350 . . . . . . . . . . . . . . . . . . . . . $164,709.50 + 37% of the excess over $612,350.