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QUESTION 16 20 points Save Answer Use the following tax table to answer the next two questions If your taxable You pay this amount on
QUESTION 16 20 points Save Answer Use the following tax table to answer the next two questions If your taxable You pay this amount on the base of the Plus this percentage on the excess over the base income is bracket DESIDEREEEEEEE (marginal rate) Up to $9,525 $0 10% $9,525 - $38,700 952.50 12% $38,700 - $82,500 4,453.50 22% $82,500 - $157,500 14.089.50 24% $157,500 - $200,000 32,089.50 32% Jax and Morgan Smith had taxable income of $74,376 for the year. How much do they owe in taxes? Round to the nearest penny (14 points) What is the couple's average tax rate? Round to two decimals on the percentage example 16792 = 16.79% (6 points) QUESTION 17 12 points Save Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit
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