P1-7 (similar to Help Marginal and average 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 ter all adjustments and deduction s 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 hereperform the following: a. Calculate the tax liablity, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $11,600; $80,300, $301,000 $490,000; $1.3 million:$1.7 million; and $1.9 million. b. Plot the average tax rates (measured on the y relationship between these variables? -axis) against the pretax income levels (measured on the x-axis). What generalization can be made concerming the a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $11,600; $80,300; $301,000, $490,000; $1,300,000; $1.7 million; and $1.9 million The tax liability for earmings before taxes of $11,600 is (Round to the nearest dollar)