Country A levies an individual income tax with the following rate structure:

Percentage Rate Bracket

10 % Income from 0 to $20,000

15% Income from $20,001 to $75,000

25% Income from $75,001 to $160,000

30% Income in excess of $160,000

A. Mr. LVs taxable income is $60,400. Compute his tax and average tax rate. What is Mr. LVs marginal tax rate?

B. Ms. JCs taxable income is $320,400. Compute her tax and average tax rate. What is Ms. JCs marginal tax rate?

Ms. JCs taxable income is $320,400. Compute her tax and average tax rate. What is Ms. JCs marginal tax rate? (Round your percentage answers to 2 decimal places and other answer to the nearest dollar amount.)

Income tax ------------

Average tax rate -------------%

Marginal tax rate -------------%