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Exercise 9 - 4 ( Algorithmic ) ( LO . 5 ) Compute the 2 0 2 2 tax liability and the marginal and average
Exercise AlgorithmicLO
Compute the tax liability and the marginal and average tax rates for the following taxpayers.
Click here to access the tax rate schedule. If required, round the tax liability to the nearest dollar. When required, round the average rates to four decimal places before converting to a percentage ie would be rounded to and entered as
a Chandler, who files as a single taxpayer, has taxable income of $
Tax liability: $fill in the blank
Marginal rate: fill in the blank
Average rate: fill in the blank
b Lazare, who files as a head of household, has taxable income of $
Tax liability: $fill in the blank
Marginal rate: fill in the blank
Average rate: fill in the blank
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