Exercise 2: Tax Liability, Actual & Marginal Tax Rates Single mother, 2 minor children, who makes $25,000 per year (i.e., gross income) Standard Deduction Amount? 18,000 Taxable income? Tax Liability? Actual Tax Rate? Marginal Tax Rate? correct Exercise 2: Tax Liability, Actual & Marginal Tax Rates Single mother, 2 minor children, who makes $25,000 per year (i.e., gross income) Standard Deduction Amount? 18,000 Taxable income? Tax Liability? Actual Tax Rate? Marginal Tax Rate? correct