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cer 4 Saved Help Save & Exit Submit 3 Check my work Problem 04-03 (Algo) (LO 4-2] Refer to the individual rate schedules in Appendix C. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $56,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $197,600 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $451,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required B Required C What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $56,900 taxable income? (Round final "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Tax liability % Marginal tax rate Average tax rate % Required Required B cer 4 Saved Help Save & Exit Submit Check my work Problem 04-03 (Algo) (LO 4-2] Refer to the individual rate schedules in Appendix C. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $56,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $197,600 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $451,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required B Required C What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $197,600 taxable income? (Do not round your intermediate computations. Round final "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Tax liability Marginal tax rate Average tax rate % % cer 4 Saved Help Save & Exit Submit 3 Check my work Problem 04-03 (Algo) (LO 4-2] Refer to the individual rate schedules in Appendix C. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $56,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $197,600 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $451,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required B Required C What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $451,300 taxable income? (Do not round your intermediate computations. Round final "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Tax liability Marginal tax rate % Average tax rate % Head of Household If taxable income is Not over $14,200 Over $14,200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164,900 Over $164,900 but not over $209,400 Over $209,400 but not over $523,600 Over $523,600 The tax is 10% of taxable income $1,420.00 + 12% of excess over $14,200 $6,220.00 + 22% of excess over $54,200 $13,293.00 + 24% of excess over $86,350 $32,145.00 + 32% of excess over $164,900 $46,385.00 + 35% of excess over $209,400 $156,355.00 + 37% of excess over $523,600 Single If taxable income is Not over $9,950 Over $9,950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164,925 Over $164,925 but not over $209,450 Over $209,450 but not over $523,600 Over $523,600 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 $4,664.00 + 22% of excess over $40,525 $14,751.00 + 24% of excess over $86,375 $33,603.00+ 32% of excess over $164,925 $47,843.00 + 35% of excess over $209,425 $157,804.25 + 37% of excess over $523,600 ESTATE AND TRUST TAX RATES If taxable income is Not over $2,650 Over $2,650 but not over $9,550 Over $9,550 but not over $13,050 Over $13,050 The tax is 10% of taxable income $265.00 + 24% of excess over $2,650 $1,921.00 + 35% of excess over $9,550 $3,146.00+ 37% of excess over $13,050