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Homework #1 10 Problem 02-10 (Algo) [LO 2-7] 1.66 points Government Glevies an Income tax with the following rate structure: Percentage Rate 10 20 28

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Homework #1 10 Problem 02-10 (Algo) [LO 2-7] 1.66 points Government Glevies an Income tax with the following rate structure: Percentage Rate 10 20 28 Bracket Income from -- to $30,000 Income from $30, ee1 to $70,000 Income from $70,01 to $200,000 Income in excess of $280, 280 eBook Print Required: a. Taxpayer A's taxable income is $181,400. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $686,900. Compute B's tax and average tax rate. What is B's marginal tax rate? References Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer A's taxable income is $181,400. 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.) Taxpayer A Income tax Average tax rate Marginal tax rate 20.00%

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