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Campbell, a single taxpayer, earns $399,000 in taxable income and $2,500 in interest from an investment in State of New York bonds. (Use the U.S.

Campbell, a single taxpayer, earns $399,000 in taxable income and $2,500 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) (Do not round intermediate calculations. Round "Federal tax" to 2 decimal places.)

MUST USE 2015 TAX RATE!!!!!!!!!!!!!!!!!!!!!

1) How much federal tax will she owe?

2) What is her average tax rate?

Total tax____________/Taxable Income_____________

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