Paul Smith, single filer, born Feb 1991 Income Monthly Salary Annual Dividends Real Estate Commision Income Expenses Nose Job Monthly Allowance to Parents American Express Monthly Bill Monthly State Farm Car Insurance Total Monthly Rent (rent + utilities) for apartment Assets Jeep Wrangler Current FMV Company Stock reward $ 6,000.00 $ 2,000.00 $ 18,000.00 (he received a 1099-MISC) $ 5,000.00 $ 250.00 SSS $ 1,500.00 $ 80.00 $ 2,000.00 $ 25,000.00 $ 100,000.00 $ 119,000.00 10,800.00 $80.00 USD monthly policy premium 401 (k) balance Diamond Engagement Ring Life Insurance Policy for $2,000,000 All values are in USD $ Please complete the IRS form 1040 for Paul's current financial situation a) What is Paul's Marginal Rate? b) What is Paul's Tax Liability? c) What is Paul's Total Schedule C? d) What is Paul's total SE Tax? e) What is Paul's effective Tax Rate?