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Post Class: Income Tax Activity Use the 2019 Tax Schedule used with the In Class Activity for any tax calculations in the following problems. 1.

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Post Class: Income Tax Activity Use the 2019 Tax Schedule used with the In Class Activity for any tax calculations in the following problems. 1. Use the tax schedule to compute the marginal tax rate beginning with a salary of $51,000 and from a 3% raise. 1040 Line(s) Before Raise After Raise 1 and 8b $51,000 Description Wages salaries and tips. Adjusted gross income (AGI) Standard deduction and exemption (single, nondependent) Subtract line 11a from line 8b Taxable income 11a $12,200 $12.200 115 and BEFORE calculating the taxes, you should be able to fill in the blanks The marginal tax rate on this additional income should fall between Why will the marginal tax rate fall between these two values? Total Tax (from schedule) Net Income (after Fed Inc Tax) Effective tax rate (tax as a percentage of all income) Additional (marginal) income Additional marginal) tax Marginal tax rate (tax rate on additional income) % tax bracket 2. Before the raise, the person's taxable income was in the

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