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PROFILE ORDERS Attempts Keep the Highest ? 3 4 . Problem 3 . 0 8 ( Personal Taxes ) RENTALS COURSES 2 4 SUFIN 3

PROFILE
ORDERS
Attempts Keep the Highest ?3
4. Problem 3.08(Personal Taxes)
RENTALS
COURSES
24SUFIN3053 BUSINESS FINANCE
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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 $306,000. Do not round intermediate calculation.
a. What is their federal tax liability? Round your answer to the nearest dollar.
$
b. What is their marginal tax rate? Round your answer to the nearest whole number.
%
c. What is their average tax rate? Round your answer to two decimal places.
%
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