Problem 02-12 (Algo) [LO 2-7] Country A levies an individual income tax with the following rate structure: Percentage Rate 10% 15 25 30 Bracket Income from -0- to $20,000 Income from $20,001 to $75,000 Income from $75,001 to $160,000 Income in excess of $160,000 Required: a. Mr. Levi's taxable income is $52,400. Compute Mr. Levi's tax on this income as well as average and marginal tax rate. b. Ms. Jinn's taxable income is $286,400. Compute Ms. Jinn's tax on this income as well as average and marginal tax rate. Complete this question by entering your answers in the tabs below. Required A Required B Mr. Levi's taxable income is $52,400. Compute Mr. Levi's tax on this income as well as average and marginal tax rate. Note: Round your percentage answers to 2 decimal places and other answer to the nearest dollar amount. Income tax Average tax rate Marginal tax rate Mr. Levi % % Required A Required B >