eBook Problem Walk$-$Through

Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table $3\mathrm{.}5.$ Assume that their taxable income this year was $$224,000.$ Do not round intermediate calculation.

What is their federal tax liability? Round your answer to the nearest dollar.

$$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is their marginal tax rate? Round your answer to the nearest whole number.

$\%\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

What is their average tax rate? Round your answer to two decimal places.

$\%\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$