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Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here 1, perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $13,600; $58,100; $88,000; $152,000; $247,000; $446,000; and $1.4 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). Explain the relationship between these variables. a. The marginal tax rate for earnings before taxes of $13,600 is 12 %. (Round to the nearest integer.) The total taxes due for earnings before taxes of $13,600 is $ (Round to the nearest dollar.) Tax Rate - Single Taxpayers -2018 Tax calculation (Marginal rate x amount over base bracket) x amount over x amount over x amount over x amount over Range of taxable income $9,525 38,700 82,500 157,500 200,000 500,000 Base tax $0 to $0 $0) 9,525) 38,700) 82,500) 157,500) 200,000) 500,000) (10% (12% (22% (24% (32% (35% (37% 9,525 to 38,700 to 82,500 to 157,500 to 200,000 to Over 500,000 953 4,454 14,090 32,090 45,690 150,690 x amount over x amount over x amount over