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Government G levies an income tax with the following rate structure: Bracket Percentage Rate 6% Income from -0- to $30,000 Income from $30,001 to $70,000
Government G levies an income tax with the following rate structure: Bracket Percentage Rate 6% Income from -0- to $30,000 Income from $30,001 to $70,000 Income from $70,001 to $200,000 Income in excess of $200,000 20 28 Taxpayer A's taxable income is $190,700. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $762,200. Compute B's tax and average tax rate. What is B's marginal tax rate? a. Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer A's taxable income is $190,700. Compute A's tax and average tax rate. What is A's marginal tax rate? (Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.) Income tax % Average tax rate Marginal tax rate % Required B > Required A Government G levies an income tax with the following rate structure: Bracket Percentaqe Rate 6% Income from -0- to $30,000 Income from $30,001 to $70,000 Income from $70,001 to $200,000 Income in excess of $200,000 10 20 28 a. Taxpayer A's taxable income is $190,700. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $762,200. Compute B's tax and average tax rate. What is B's marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer B's taxable income is $762,200. Compute B's tax and average tax rate. What is B's marginal tax rate? (Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.) Income tax Average tax rate % % Marginal tax rate Required A Required B
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