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Please answer all parts in detail and show your work! Thank you!! 1. (6 points) Using the following 2018 Marginal Tax Brackets Single Filers Rate

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Please answer all parts in detail and show your work! Thank you!!

1. (6 points) Using the following 2018 Marginal Tax Brackets Single Filers Rate Tax 0 $10,000 $25,000 $50,000 $100,000 $10,000 $25,000 $50,000 $100,000 $250,000 Total Tax paid 0% 15% 25% 32% 37% Assuming no other considerations, deductions, or income, what is the amount of tax paid by a single-filer who earned $195,000 this year? a. b. What will the marginal tax bracket be for a single individuals who is filing a tax return, in which she made $85,257 last year? Bill is a single taxpayer who made $62,658 last year, what is his total tax paid and his actual or effective tax rate (sometimes also called the average tax rate)? c

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