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For tax year 2018 Determine the average tax rate and the marginal tax rate for each of the following instances: Use the appropriate Tax Tables
For tax year 2018
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the appropriate Tax Tables and Tax Rate Schedules. a. A married couple filing jointly with taxable income of $34,491. b. A married couple filing jointly with taxable income of $214,787. c. A married couple filing separately, one spouse with taxable income of $45,385 and the other with $57,718. d. A single person with taxable income of $80,936. e. A single person with taxable income of $331,399. f. A head of household with taxable income of $98,092. g. A qualifying widow with taxable income of $39,384. h. A married couple filing jointly with taxable income of $12,716. (For all requirements, when computing average tax rate, use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Round "Average tax rate" to 1 decimal place.) Complete this question by entering your answers in the tabs below. Req a and b Reqc Reg d to h a. A married couple filing jointly with taxable income of $34,491. b. A married couple filing jointly with taxable income of $214,787. Average tax rate Marginal tax rate % a. % b % % Req a and b Reqc Req d to h C. A married couple filing separately, one spouse with taxable income of $45,385 and the other with $57,718. Spouse having taxable income of $45,385 Spouse having taxable income of $57,718 % % Average tax rate Marginal tax rate % % Reg a and b Reqc Reg d to h d. A single person with taxable income of $80,936. e. A single person with taxable income of $331,399. f. A head of household with taxable income of $98,092. g. A qualifying widow with taxable income of $39,384. h. A married couple filing jointly with taxable income of $12,716. Show less Average tax rate % Marginal tax rate % d. . % % f. % % g % % h % %Step by Step Solution
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