Calculating Taxable Income

Taxable income

Rate

$$0$ $$11,00010\mathrm{.}0\%$

$$11,001$ $$44,72512\mathrm{.}0\%$

$$44,726$ $$95,37522\mathrm{.}0\%$

$$95,376$ $$182,00024\mathrm{.}0\%$

$$182,001$ $$231,25032\mathrm{.}0\%$

$$231,251$ $$578,12535\mathrm{.}0\%$

$$578,126$ or more $37\mathrm{.}0\%$

Using the previous tax table, compute the tax liability for the individual in the scenario 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 the individual in the scenario.

Lucia$$s Tax Scenario

Lucia is a young professional with taxable income of $$210,500$ as an advertising account executive.

What is Lucia$$s total tax liability?

$

$($Note: Round your answer to the nearest cent, if necessary.$)$

What is Lucia$$s top marginal tax rate?

What is Lucia's average tax rate?