PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3 5 Assume that their taxable income this year was $330,000 Round your answers to two decimal places a What is their federal tax liability 100269 b What is their marginal tax rate $ c What is their average tax rate Table 3 5 2015 Individual Tax Rates Single Individuals If Your Taxable Income Is Up to $9,225 59,225 537,450 $37,450 590 750 590,750 $189 750 $189,750 S411,500 S411,500 SS413,200 Over $413,200 You Pay This Amount on the Base of the Bracket 0 922 50 5 156 25 18,481 25 46,075 25 119,401 25 119 996 25 Plus This Percentage on the Excess over the Base (Marginal Rate) 10 0 15 0 25 0 28 0 33 0 35 0 39 6 Average Tax Rate at Top of Bracket 10 0 13 8 20 4 24 3 29 0 29 0 39 6 Married Couples Filing Joint Returns IrYour Taxable Income is Up to $18,450 S18,450 S74,900 $74 900 5151,200 S151,200 $230,450 S230,450 $411,500 S411,500 $464,850 Over S464,850 You Pay This Amount on the Base of the Bracket S 0 1,845 00 10,312 50 29,387 50 51,577 50 111,324 00 129,996 50 Plus This Percentage on the Excess over the Base (Marginal Rate) 10 0 15 0 25 0 28 0 33 0 35 0 39 6 Average Tax Rate at Top of Bracket 10 0 13 8 19 4 22 4 27 1 28 0 39 6

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PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3 5  Assume that their taxable income this year was $330,000  Round your answers to two decimal places  a  What is their federal tax liability  100269 b  What is their marginal tax rate  $ c  What is their average tax rate    Table 3 5 2015 Individual Tax Rates Single Individuals If Your Taxable Income Is Up to $9,225 59,225 537,450 $37,450 590 750 590,750 $189 750 $189,750 S411,500 S411,500 SS413,200 Over $413,200 You Pay This Amount on the Base of the Bracket 0 922 50 5 156 25 18,481 25 46,075 25 119,401 25   119 996 25 Plus This Percentage on the Excess over the Base (Marginal Rate) 10 0  15 0 25 0 28 0 33 0 35 0 39 6 Average Tax Rate at Top of Bracket 10 0  13 8 20 4 24 3 29 0 29 0 39 6 Married Couples Filing Joint Returns IrYour Taxable Income is Up to $18,450 S18,450 S74,900 $74 900 5151,200 S151,200 $230,450 S230,450 $411,500 S411,500 $464,850 Over S464,850 You Pay This Amount on the Base of the Bracket S 0 1,845 00 10,312 50 29,387 50 51,577 50 111,324 00 129,996 50 Plus This Percentage on the Excess over the Base (Marginal Rate) 10 0  15 0 25 0 28 0 33 0 35 0 39 6 Average Tax Rate at Top of Bracket 10 0  13 8 19 4 22 4 27 1 28 0 39 6

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PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the

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