Chuck, a single taxpayer, earns $78,600 in taxable income and $14,100 in interest from an investment in City of Heflin bonds. (Use the US tax 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. Required A Required B Required C Required D How much federal tax will he owe? Note: Do not round intermediate calculations. Round "Federal tax" to nearest whole dollar amount.. Federal tax Required B > Chuck, a single taxpayer, earns $78,600 in taxable income and $14,100 in interest from an investment in City of Heflin bonds. (Use the US tax 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. Required A Required B Required C Required D What is his average tax rate? Note: Do not round intermediate calculations. Round total tax to nearest whole dollar amount. Choose Numerator Choose Denominator Average Tax Rate < Required A Required C > Chuck, a single taxpayer, earns $78,600 in taxable income and $14,100 in interest from an investment in City of Heflin bonds. (Use the US tax 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. Required A Required B Required C Required D What is his effective tax rate? Note: Do not round intermediate calculations. Round total tax to nearest whole dollar amount. Choose Numerator Choose Denominator Effective Tax Rate Chuck, a single taxpayer, earns $78,600 in taxable income and $14,100 in interest from an investment in City of Heflin bonds. (Use the US tax 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. Required A Required B Required C Required D What is his current marginal tax rate? Marginal tax rate 2022 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: 0 $ 10,275 $ 10,275 $ 41,775 $ 41,775 $ 89,075 $ 89,075 $ 170,050 $215,950 $539,900 The tax is: 10% of taxable income $1,027 50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $170,050 $15,213.50 plus 24% of the excess over $89,075 $215.950 $34,647 50 plus 32% of the excess over $170,050 $539,900 $49,335.50 plus 35% of the excess over $215,950 $162,718 plus 37% of the excess over $539,900 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: $ 0 $ 20,550 $ 83550 $178,150 $340,100 $431,900 $647,850 $ 20,550 The tax is: 10% of taxable income $ 83,550 $2.055 plus 12% of the excess over $20,550 $178,150 $9.615 plus 22% of the excess over $83,550 $340,100 $30,427 plus 24% of the excess over $178,150 $431.900 $69,295 plus 32% of the excess over $340,100 $647,850 $98,671 plus 35% of the excess over $431,900 $174,253 50 plus 37% of the excess over $647,850 Schedule Z-Head of Household If taxable income is over: But not over: S 0 $ 14,650 $ 14,650 $ 55,900 $170,050 $ 55,900 $ 89,050 $ 89,050 $170,050 $ 215,950 $539,900 $215.950 $539,900 The tax is: 10% of taxable income $1,465 plus 12% of the excess over $14,650 $6,415 plus 22% of the excess over $55,900 $13,708 plus 24% of the excess over $89,050 $33,148 plus 32% of the excess over $170,050 $47,836 plus 35% of the excess over $215,950 $161,218.50 plus 37% of the excess over $539,900 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: S 0 $ 10,275 $ 41,775 $89,075 $ 170,050 $215,950 $323,925 $ 10,275 $ 41,775 $ 89.075 $170,050 $215.950 $323,925 The tax is: 10% of taxable income $1,027 50 plus 12% of the excess over $10,275 $4,807.50 plus 22% of the excess over $41,775 $15.213.50 plus 24% of the excess over $89,075 $34,647 50 plus 32% of the excess over $170,050 $49,335.50 plus 35% of the excess over $215,950 $87,126.75 plus 37% of the excess over $323,925