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Calculate your total tax obligations and effective average tax rate using a marginal tax schedule. Using the marginal tax schedule provided in this module, calculate

Calculate your total tax obligations and effective average tax rate using a marginal tax schedule. Using the marginal tax schedule provided in this module, calculate your tax obligation and an effective tax rate (%). For this assignment assume your taxable income is $200,000. Need help finding the values in "?" and if you could show how you got them would appreciate. Been struggling to find those values.

Taxable Income

Tax Rate

$0-$9,275

10%

$9,276-$37,650

$927.50 plus 15% of the amount over $9,275

$37,651-$91,150

$5,183.75 plus 25% of the amount over $37,650

$91,151-$190,150

$18,558.75 plus 28% of the amount over $91,150

$190,151-$413,350

$46,278.75 plus 33% of the amount over $190,150

Total tax obligation for the individual with $200,000 of income =

$46,278.75 + (? x ?)

$46,278.75 + ?

=

The average tax rate for the individual with $200,000 of taxable income =

Total Taxes/Taxable Income

?/$200,000

=

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