1. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $13,700; $79,400; $305,000; $491,000; $1.2 million; $1.5 million; and $1.9 million.
2. Plot the average tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). What generalization can be made concerning the relationship between these variables?

Using the indvidual tax rate schedule , perform the following: malion. milian (Round doliars to the nosest cent and round parcentages to one deciral placo.) TABLE 1.2: Federal Income Tax Rates and Brackets for Individual Returns (2018)