Jordan and Paul, a married couple, have taxable income of $88,625, which is taxed as follows: $19,750 x 10% = ($80,250 - $19,750) * 12% = ($88,625 - $80,250) * 22% = Total tax liability $ 1,975.00 7,260.00 1,842.50 $11,077.50 Their average tax rate is: Multiple Choice 10% 12%. 12.5% 22%