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. Ater all adjustments and deductions have been made, including the 20% qualifed business income deduction, she is preparing to caloulate her taxes owed for the year. Using the tax rate schedule given here perform the following a. Find the manginal tax rate for the folowing levels of sole proprietorship eanings before taxes: $15,300, 561,400, S02,000, $150,000, $249,000, $447,000, and $1.4 milion. b. Plot the marginal tax rates (messured on the y-axis) against the pretax income levels (measuned on the x-axis) Explain the relationship between these variables a The marginal tax rate for eamings before taxes of $15,300 is% (Round to the nearest inte More Info The total taxes due for eamings before taxes of $15,300 is (Round to the nearest dolar) The manginal tax rte for eamings before taxes of $61,400 is (Round to the nearest integ Tax Rate Single Taxpayers 2018 The tolal taxes due for eamings before taxos of $61400 is (Round to the nearest dolar) Tax calculation Range of taxable income to to 9525 to M.700 tor 82.500 to Base tax (Marginal ratex amount over base bracket)h amount oven x amount over The marginal tax re for earmings before tases of 592.000 is (Round to the nearest inege (10% (12% (22% (24% (32% (35% w.s25 M700 953 9.525) 38,700) 82.500p 157,5000 The total taxes due for eamings before taxes of $02.000 is (Round to the nearest doliar) 2.500 4454 x amount over 14,090 157,500 200,000 500,000 amount over The marginal tax rate for eamings before taxes of $150.000 is% (Round to the neareat integ 57,500 to 32.000 x amount over x amount ove 200,000 to 45,630 200,000) The total taxes due for eamings before taxes of $150,000 is Round to the nearest doilar) Over 500,000 150,690 500.000 x amount over The manginal tax rwe for earmings before taeas of $249,000 s (Round to the nearest integ Print Done The total taxes due for earmings before taxes of $249,000 is (Round to the nearest dolar) The marginal tax rate for eamings before laxes of $447,000 is%. (Round to the nearest integer The total taxes due for earmiegs betore tasoo of S447.000 is (Round to the nearest doilar) The marginal tax rabe for eamings before taxes of $1.4 million is % (Round to the rearest integer) Marginal Tax Rate (%) ax Rate (%) ax Rate (%) Marginal Tax Rate (%) Ul 2018 28mplete) 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 adjust 20% qualifed business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given hereiperform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,300, $61,400, $92,000; $150,000, $249,000, $447,000; and $1.4 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. The total taxes due for earnings before taxes of $1.4 million is S (Round to the nearest dollar.) b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis) The correct shape of the curve is: (Select the best answer below.) O A O B. 40- 40- 35 35 30- 25- 25- 20- 20- 15- 15- 10 s00 1,000 10-8 0 s00 Pretax Income (S000) Pretax Income (3000) O D. 40- 40 35 30- 00- 25 26- Click to select your answerls). 200 400 600 800 1,0001,2001,400 Pretax Income ($000) Explain the relationship between these variables. (Select from the drop-down menus.) the marginal tax rate approaches and peaks at As income increases to Click to select your answer(s). 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. Ater all adjustments and deductions have been made, including the 20% qualifed business income deduction, she is preparing to caloulate her taxes owed for the year. Using the tax rate schedule given here perform the following a. Find the manginal tax rate for the folowing levels of sole proprietorship eanings before taxes: $15,300, 561,400, S02,000, $150,000, $249,000, $447,000, and $1.4 milion. b. Plot the marginal tax rates (messured on the y-axis) against the pretax income levels (measuned on the x-axis) Explain the relationship between these variables a The marginal tax rate for eamings before taxes of $15,300 is% (Round to the nearest inte More Info The total taxes due for eamings before taxes of $15,300 is (Round to the nearest dolar) The manginal tax rte for eamings before taxes of $61,400 is (Round to the nearest integ Tax Rate Single Taxpayers 2018 The tolal taxes due for eamings before taxos of $61400 is (Round to the nearest dolar) Tax calculation Range of taxable income to to 9525 to M.700 tor 82.500 to Base tax (Marginal ratex amount over base bracket)h amount oven x amount over The marginal tax re for earmings before tases of 592.000 is (Round to the nearest inege (10% (12% (22% (24% (32% (35% w.s25 M700 953 9.525) 38,700) 82.500p 157,5000 The total taxes due for eamings before taxes of $02.000 is (Round to the nearest doliar) 2.500 4454 x amount over 14,090 157,500 200,000 500,000 amount over The marginal tax rate for eamings before taxes of $150.000 is% (Round to the neareat integ 57,500 to 32.000 x amount over x amount ove 200,000 to 45,630 200,000) The total taxes due for eamings before taxes of $150,000 is Round to the nearest doilar) Over 500,000 150,690 500.000 x amount over The manginal tax rwe for earmings before taeas of $249,000 s (Round to the nearest integ Print Done The total taxes due for earmings before taxes of $249,000 is (Round to the nearest dolar) The marginal tax rate for eamings before laxes of $447,000 is%. (Round to the nearest integer The total taxes due for earmiegs betore tasoo of S447.000 is (Round to the nearest doilar) The marginal tax rabe for eamings before taxes of $1.4 million is % (Round to the rearest integer) Marginal Tax Rate (%) ax Rate (%) ax Rate (%) Marginal Tax Rate (%) Ul 2018 28mplete) 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 adjust 20% qualifed business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given hereiperform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,300, $61,400, $92,000; $150,000, $249,000, $447,000; and $1.4 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. The total taxes due for earnings before taxes of $1.4 million is S (Round to the nearest dollar.) b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis) The correct shape of the curve is: (Select the best answer below.) O A O B. 40- 40- 35 35 30- 25- 25- 20- 20- 15- 15- 10 s00 1,000 10-8 0 s00 Pretax Income (S000) Pretax Income (3000) O D. 40- 40 35 30- 00- 25 26- Click to select your answerls). 200 400 600 800 1,0001,2001,400 Pretax Income ($000) Explain the relationship between these variables. (Select from the drop-down menus.) the marginal tax rate approaches and peaks at As income increases to Click to select your answer(s)