finance

1. Calculate the federal income tax labilily, marginal tax rate, and average tax rate for each of the following 5 cen the following for all scenarios: all income is traditionally eamed, the maximum allowable standard deduction is other deductions/credits are applied. 2. REACTION: What do you make of your findings above? What surprited (or did not surprise) you? Federal income Tax Summary (2018) 3. The top 10f of taxpayers make at least $ and pay \% of federal income taxes. Their ay is 4. The top 10% of taxpayers make at least $ and pay % of feceral income taxes, Their i is % 5. The top 50% of taxpayers make at least $ and pay \% of foderal income taxes. Their e is %. 6. Tha bottom 50% of taxpayers make less than S and pay \%. of federal income taxes. 1 tax rate is % 7. REACTLON: What do you make of your findings above? What surprised (or did not surprise) you? 1. Calculate the federal income tax labilily, marginal tax rate, and average tax rate for each of the following 5 cen the following for all scenarios: all income is traditionally eamed, the maximum allowable standard deduction is other deductions/credits are applied. 2. REACTION: What do you make of your findings above? What surprited (or did not surprise) you? Federal income Tax Summary (2018) 3. The top 10f of taxpayers make at least $ and pay \% of federal income taxes. Their ay is 4. The top 10% of taxpayers make at least $ and pay % of feceral income taxes, Their i is % 5. The top 50% of taxpayers make at least $ and pay \% of foderal income taxes. Their e is %. 6. Tha bottom 50% of taxpayers make less than S and pay \%. of federal income taxes. 1 tax rate is % 7. REACTLON: What do you make of your findings above? What surprised (or did not surprise) you