Jennifer and Paul, who file a joint return, have taxable income of $128,015 and the following tax liability:

$19,400 10% =	$	1,940.00
($78,950 $19,400) 12% =		7,146.00
($128,015 $78,950) 22% =		10,794.30
Total tax liability	$	19,880.30

Their marginal tax rate is:

Multiple Choice

• 13%.

• 22%.

• 10%.

• 16%.

Jennifer and Paul, who file a joint return, have taxable income of $84,647 and the following tax liability:

$19,400 10% =	$	1,940.00
($78,950 $19,400) 12% =		7,146.00
($84,647 $78,950) 22% =		1,253.34
Total tax liability	$	10,339.34

Their average tax rate is:

Multiple Choice

• 10%.

• 12%.

• 13%.

• 22%.

Elizabeth determined that her tax liability was $3,673. Her employer withheld $3,783 from her paychecks during the year. Elizabeths tax return would show:

Multiple Choice

• a refund of $3,783.

• tax due of $110.

• a refund of $110.

• tax due of $3,673.