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calculate the tax owned and the marginal tax rate and average tax rate B D E 3 4 5 Marginal Tax Rate vs Average Tax

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B D E 3 4 5 Marginal Tax Rate vs Average Tax Rate 2020 Tax Brackets for Single Taxable income $102,500 (Single) Tax Rate Taxable income 10% Up to $9,875 6 7 Tax Owed 8 10 12% $9,876 to $40,125 11 12 22% $40,126 to $85,525 13 14 24% $85,526 to $163,300 15 16 32% $163,301 to $207,350 17 18 35% $207,351 to $518,400 19 20 37% Over $518,400 21 22 Average Tax Rate = Marginal Tax Rate 23 24 + MINI Sheet1

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