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: $14,000; $58,000; $90,200; $150,000; $249,000; $453,000; and $1.1million.

Tax Rate - 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 + + + + + + + + (10% (12% (22% (24% (32% (35% (37% Tax calculation (Marginal rate x amount over base bracket) x amount over $0) X amount over 9,525) X amount over 38,700) X amount over 82,500) X amount over 157,500) X amount over 200,000) X amount over 500,000)