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In reading this table, the marginal tax rate for taxable income less than $ 9 , 9 5 0 is 1 0 percent. If the

In reading this table, the marginal tax rate for taxable income less than $9,950 is 10 percent. If the taxable income is between $9,950 and
$40,525, the tax bill is $995 plus the marginal taxes. The marginal taxes are calculated as the taxable income minus $9,950 times the
marginal tax rate of 12 percent.
Below, we have the tax table for a married couple filing jointly.
a. Create a tax table in Excel for a married couple similar to the individual tax table shown earlier. Your spreadsheet should then calculate
the marginal tax rate, the average tax rate, and the tax bill for any level of taxable income input by a user.
b. For a taxable income of $335,000, what is the marginal tax rate?
c. For a taxable income of $335,000, what is the total tax bill?
d. For a taxable income of $335,000, what is the average tax rate?
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