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Chapter 02 0 Maria Lipa is single and had $195,200 in taxable income. Use the rates from Table 2.3. 4 a. What is the average

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Chapter 02 0 Maria Lipa is single and had $195,200 in taxable income. Use the rates from Table 2.3. 4 a. What is the average tax rate? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) 0.75 points % a. Average tax rate b. Marginal tax rate 96 eBook References Taxable income Tax Rate TABLE 2.3 Personal tax rates for 2018 (unmarried Individuals) $ O 9,525 9,525- 38,700 38,700- 82,500 82,500 - 157,500 157,500- 200,000 200,000 - 500,000 500,000+ 10% 12 22 24 32 35 37

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