Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here

, perform the following:

a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes:

$15,000; $60,000; $90,000; $150,000; $250,000; $450,000; and $1.0 million.

b. Plot the marginal tax rates (measured on the y-axis)

against the pretax income levels (measured on the x-axis).

Explain the relationship between these variables.

Tax Rates-Single Taxpayers-2018 Range of taxable income $0 to $9,525 9,525 to 38,700 38,700 to 82,500 82,500 to 157,500 157,500 to 200,000 200,000 to 500,000 Over 500,000 Base tax $0 953 4,454 14,090 32,090 45,690 150,690 Tax calculation + (Marginal rate x amount over base bracket) + (10% x amount over $0) + (12% x amount over 9,525) + (22% x amount over 38,700) + (24% x amount over 82,500) + (32% x amount over 157,500) + (35% x amount over 200,000) + (37% X amount over 500,000) Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here I perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,000; $60,000; $90,000; $150,000; $250,000; $450,000; and $1.0 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). Explain the relationship between these variables. a. The marginal tax rate for earnings before taxes of $15,000 is %. (Round to the nearest integer.)