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Income Marg Tax Rate Avg Tax rate $26,000 % % $62,000 % % $312,000 % % $4,200,000 % % Solve for marginal and average tax

Income Marg Tax Rate Avg Tax rate

$26,000 % %

$62,000 % %

$312,000 % %

$4,200,000 % %

Solve for marginal and average tax rate for Single taxpayers

image text in transcribed

TABLE 3.6 Personal tax rates, 2018 Tax Rate (%) Single Taxpayers $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,50 1-$200,000 $200,001-$500,000 $500,001 and above Taxable income ($) Married Taxpayers Filing Joint Returns $0-$19,050 $19,051-$77,400 $77,401-$165,000 $165,00 1-$315,000 $315,001-$400,000 $400,001-$600,000 $600,001 and above

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