1. Compute Taxes

Calculate the amount of total taxes owed for an individual with $90,000 in taxable income for 2022. What is the marginal tax rate? What is the average rate?

(Use the table below)

1. Total amount of taxes owed?
2. Marginal tax rate?
3. Average tax rate?

2022 Tax Rate	For Single Filers
10%	$0 to $10,275
12%	$10,275 to $41,775
22%	$41,775 to $89,075
24%	$89,075 to $170,050
32%	$170,050 to $215,950
35%	$215,950 to $539,900
37%	$539,900 or more

2. Future Value

If you invest $16,500 today at an interest rate of 7%, how much will you have in 14 years?

____________

3. Present Value

If you will need 25,000 in 5 years for your childs college, how much must you deposit today with an expected rate of 5%?

____________

Please show your work.