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Government G levies an income tax with the following rate structure: Percentage Rate Bracket 6% Income from 0 to $30,000 10% Income from $30,001 to

Government G levies an income tax with the following rate structure:

Percentage Rate Bracket
6%
Income from 0 to $30,000
10% Income from $30,001 to $70,000
20% Income from $70,001 to $200,000
28%
Income in excess of $200,000

A) Taxpayer As taxable income is $150,400. Compute As tax and average tax rate. What is As marginal tax rate?

B) Taxpayer Bs taxable income is $435,900. Compute Bs tax and average tax rate. What is Bs marginal tax rate?

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