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Duela Dent is single and had $199,200 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not
Duela Dent is single and had $199,200 in taxable income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the marginal tax rate? (Enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Taxable income Tax Rate 10% 12 TABLE 2.3 Personal tax rates for 2018 (unmarried Individuals) 22 $ 9,525 9,525 38,700 38,700 82,500 82,500- 157,500 157,500- 200,000 200,000- 500,000 500,000+ 24 32 35 37
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