Howard, a taxpayer who is single, earns $64,500 in taxable income and $24,400 in interest from an investment in State of Bliss bonds. (Use the US tax rate schedule.) Required: a. How much federal tax will Howard owe? b. What is Howard's average tax rate? c. What is Howard's effective tax rate? d. What is Howard's current marginal tax rate? Complete this question by entering your answers in the tabs below. Req A Reg B Rego Req D How much federal tax will he owe? (Do not round intermediate calculations. Round "Federal tax" to nearest whole dollar amount.) Federal tax RA ReqB > Prev 1 of 28!!! Next > Nips://ezto-cl-media.meducation.com/M... 2020 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: S 0 $ 9,875 10% of taxable income $ 9.875 $ 40,125 $987.50 plus 12% of the excess over $9.875 $ 40,125 $ 85,525 $4,617.50 plus 22% of the excess over $40,125 $ 85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525 $163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300 $207,350 $518,400 $47,367.50 plus 35% of the excess over $207,350 $518,400 $156,235 plus 37% of the excess over $518,400 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,750 10% of taxable income $ 19.750 $ 80,250 $1,975 plus 12% of the excess over S19.750 $ 80,250 $171.050 $9,235 plus 22% of the excess over $80,250 $171,050 $326,600 $29.211 plus 24% of the excess over $171.050 $326,600 $414,700 $66,543 plus 32% of the excess over $326,600 $414,700 $622,050 $94,735 plus 35% of the excess over $414.700 $622,050 $167,307.50 plus 37% of the excess over $622,050 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 14,100 10% of taxable income $ 14,100 $ 53,700 $1,410 plus 12% of the excess over $14.100 $ 53,700 $ 85,500 $6,162 plus 22% of the excess over $53.700 $ 85,500 $163,300 $13.158 plus 24% of the excess over $85.500 $163,300 $207,350 $31.830 plus 32% of the excess over $163.300 $207,350 $518,400 $45.926 plus 35% of the excess over $207,350 $518,400 $154.793.50 plus 37% of the excess over $518,400