Question: Problem 1-48 (LO 1-2, 1-4) Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. (Use the tax

Problem 1-48 (LO 1-2, 1-4) Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. (Use the tax tables to compute tax liability. Round "Average tax rate" to 2 decimal places.)

Use the below Form 1040EZ Tax Tables.

Married taxpayers, who file a joint return, have taxable income of $29,464. Single taxpayer, has taxable income of $97,137.

Tax liability Margin tax rate Average tax rate

a.__________ __________% __________%

b. __________ __________ % __________%

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