Be sure you are working with the numbers for the correct tax year: 2020. You can easily locate all the relevant numbers for 2020 in Appendix D of your etext. If you didn't have an etext to access, you would find these same numbers published in multiple places at www.irs.gov. In 2020, Betty and Bill Boop are married and file a joint return with $178,000 of adjusted gross income. Both are under the age of 65 with no dependents, but Betty is blind. They have $13,000 in itemized deductions. 1. What is the Boop's taxable income? 2. Using the tax schedule, what will be the Boop's total tax for 2020? 3. What is the Boop's marginal tax rate? 4. What is the Boop's average tax rate? 5. Without doing any calculations, just looking at the information in Appendix D of your etext, would your answers change if the Boop's itemized deductions had been $15,000? Why or why not? Please post your answers in the text box numbered 1-5. Do NOT attach a file. I will not open it. Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is But not over: over: The tax is: $ 0 $ 19,750 $ 80,250 $171,050 $ 19,750 10% of taxable income $ 80,250 $1,975 plus 12% of the excess over $19,750 $171,050 $9,235 plus 22% of the excess over $80,250 $326,600 $29,211 plus 24% of the excess over $171,050 $414,700 $66,543 plus 32% of the excess over $326,600 $622,050 $94,735 plus 35% of the excess over $414,700 $167,307.50 plus 37% of the excess over $622,050 $326,600 $414,700 $622,050