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Over $0 $ 9,526 $38,701 $82,501 $157,501 $200,001 $500,001 Single But not above $9,525 $38,700 $82,500 $157,500 $200,000 $500,000 O er, $77,401 $165,001 $315,001

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Over $0 $ 9,526 $38,701 $82,501 $157,501 $200,001 $500,001 Single But not above $9,525 $38,700 $82,500 $157,500 $200,000 $500,000 O er, $77,401 $165,001 $315,001 $400,001 $600,001 Married Tax Rate But not above $19,050 $77,400 $165,000 $315,000 $400,000 $600,000 10% 22% 240/0 32% 35% 37% The Excel sheet Income Tax lists two household incomes (one sing e and one married). Answer the following questions: 1. What is the tax liability for the single and married househbl? 2. What is the marginal tax rate for the single and married hofild? 13. What is the effective tax rate for the single and married houpid?

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