Chuck, a single taxpayer, earns $52,500 in taxable income and $17,200 in interest from an investment in City of Heflin bonds. (Use the J.Stax rate schedule. Required: a. How much federal tax will he owe? b. What is his average tax rate? c. What is his effective tax rate? d. What is his current marginal tax rate? Complete this question by entering your answers in the tabs below. Req A Req B Reqc ReqD How much federal tax will he owe? (Do not round intermediate calculations. Round "Federal tax" to nearest whole dollar amount) ndividuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 |10% of taxable income $ 9,700 $ 39,475 $970 plus 12% of the excess over $9,700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200 $160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100 $510,300 |$153,798.50 plus 37% of the excess over $510.300