Homework 1 Saved 10 Congress would like to increase tax revenues by 10 percent. Assume that the average taxpayer in the United States earns $65,000 arld pays an average tax rate of 15 percent a. If the income effect is in effect for all taxpayers, what average tax rate will result in a 10 percent increase in tax revenues? (Round your answer to 2 decimal plnces.) 15 points Average tax rate eBook Ask b. This is an example of what type of forecasting? Print Dynamic O Static References 2019 Tax Rate Schedules individuals Schedale X-Slngle Schedule Z-Hed of Housebold The tax If tasable Income The tas But not over If taxable Incecme is But not over Is over ever 10% of taxable income S 13.850 s9,700 10% of taable income s 9700 S 13.850 S 39,475 s970 pls 12% of S 52.850 $1.305 plas 12% of the excess over 59,700 the escess oner S13.350 s 39,475 s34 300 S6065 pls 22% of S 4200 $4.543 pls 22% of S 5250 the escess over the escess oer $39,475 552.350 $12.962 pls 24 of S 4200 S160,725 S14352 50 plus 245 of the escess over s $4.200 S160,300 the escess oer S54.200 S34.200 $31322 ples 325 of the escess ever Sis0700 S160,725 $204.100 $32.745 50 plus 32 S160700 $204.100 of the escess over S160.725 s46.628 50 pls 35 S204.100 $510.300 S204100 s510.300 A5.210 ples 35% of of the escess over the escess ever s204 100 s204.100 s153,796 50 pls 37 SI52.300 pls 37% of 5510.300 S510.300 of the escess over the escess over s510.300 S510.300 Schedule Y-1-Marvied Filng Jolntly or Quality ng Schedule Y-2 Maried Flg Separately Widow(er If tasable tocome If tasable lacome is The tax But not over The tax is But not over Is over over S 19400 10% of tasable income s9700 10% of ble icome S 19,400 S 70.950 s 9700 S 39,475 s070 ples 12% of the $1.940 plus 12% of the ecess over escess over 59,700 S19.400 S 78,950 S 39475 59.006 plus 22% of S168400 s 4200 S4543 p 22% of the escess over the escess over 575.950 S39475 s 4.200 $14.302 50 pls 24 of the escess over s25,765 plas 24 of S168,400 $321.450 Si60,725 the excess over S54.300 S168400 $32 745 50 pls 32 of the escess er s65,497 plas 32% of S160 725 S204100 $321,450 S400250 the escess over S321.450 $160725 s6.28 50 pls 35% S612.350 593.257 plus 35% of $204.100 $306.175 S400.250 the escess over of the escess S204J00 s408.250 S164.709 50 plus 37% s12.354 75 pls 37 of the escess oer 5306175 S612.350 of the escess over 5306.175 S612.350