Instructions: Show all work clearly and in an organized matter. If you solve the problem with the financial calculator inputs (N, IYR, PV, PMT, FV), then please list the value that you inputted for each. Use the following table to answer question 1. Income $0-$50,000 $50,001-$75,000 $75,0010-$100,000 $100,001-$335,000 $335,001-$10,000,000 $10,000,001-$15,000,000 $15,000,001-$18,333,333 $18,333,334+ Tax Rate 15% 25% 34% 39% 34% 35% 38% 35% 1. (1 points) For a taxable income of $1,500,000, what is the effective tax rate? Round to the nearest 0.01%