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nces Government G levies an income tax with the following rate structure: Bracket Percentage Rate 61 10 Income from -0- to $30,000 Income from $30,001
nces Government G levies an income tax with the following rate structure: Bracket Percentage Rate 61 10 Income from -0- to $30,000 Income from $30,001 to $70,000 Required: 20 28 Income from $70,001 to $200,000 Income in excess of $200,000 a. Taxpayer A's taxable income is $175,200. Compute A's tax and average tax rate. What is A's marginal tax rate? b. Taxpayer B's taxable income is $636,700. Compute B's tax and average tax rate. What is B's marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Taxpayer A's taxable income is $175,200. Compute A's tax and average tax rate. What is A's marginal tax rate? (Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.) Income tax Average tax rate Marginal tax rate Taxpayer A % %
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