c. Given his taxable income of $11,000,000, what would the average tax rate for David Hyman's federal income tax be? Show your work. Express your answer as a percentage and round that percentage to two decimal places. David Hyman's average tax rate for 2022 Over the last few years has been more attention given to and often misunderstanding about a proposal from Representative Alexandria Ocasio- Cortez (NY-14) and others to add an additional tax bracket for extremely high earners, in which earnings above $10,000,000 would be taxed at a marginal tax rate of 70%, which was the highest marginal rate between 1964 and 1982. (It was even higher before 1964.) Let's pretend this policy, were enacted for 2022 eamings and see what that would do to David Hyman's hypothetical income taxes for 2022. Use the hypothetical tax table at the right to complete the remaining parts of this question. Again, for simplicity assume that his taxable income is $11,000,000. d. Calculate the amount of income tax that David Hyman would owe for 2022 under this hypothetical set of tax brackets. Show your work. If necessary, round your answer to the nearest dollar. bypothetical 2022 federal tax brackets rate 10% 12% 22% single filers $0 to $10,275 $10,275 to $41,775 $41,775 to $89,075 24% $89,075 to $170,050 32% $170,050 to $215,950 35% $215,950 to $539,900 37% $539,900 to $10,000,000 more than $10,000,000 70% [HINT: You do not need to repeat all of your work from part (b) above just re-do some of it.] amount of income tax David Hyman would owe for 2022 under these hypothetical brackets e. Given his taxable income of $11,000,000, what would the average tax rate for David Hyman's federal income tax be for 2022 under this hypothetical scenario? Show your work. Express your answer as a percentage and round that percentage to two decimal places. David Hyman's average tax rate for 2022 under these hypothetical brackets