Calculating Taxable Income Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 28.0% $186,351-$405,100 33.0% $405,101-$406,750 35.0% Over $406,751 Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Michelle and Camerorn Rate 10.0% 15.0% 25.0% 39.6% Cameron's Tax Scenario Michelle's Tax Scenario Cameron is a young professional who lives in downtown Orlando. He has taxable income of $62,500 as a medical sales rep for Atherton Fuels Michelle is a young professional who lives in downtown New York City. She has taxable income of $95,735 as an advertising account executive for Scorecard Corp What is Cameron's tax liability? What is Michelle's tax liability? What is Cameron's top marginal tax rate? What is Michelle's top marginal tax rate? What is Cameron's average tax rate? What is Michelle's average tax rate