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QUESTION 16 Assume that Romeo and Juilet, a married couple, have taxable income of $100,000 which is taxed according to the following table below: Taxable

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QUESTION 16 Assume that Romeo and Juilet, a married couple, have taxable income of $100,000 which is taxed according to the following table below: Taxable Income Tax Rate 0 to $30,000 10% $30,001 to $60,000 20% $60,001 to $90,000 30% $90,001 to $120,000 35% Romeo and Juilet's marginal tax rate and their average tax rateWhat is A. Marginal Tax Rate = 35%, Average Tax Rate = 21.5% B. Marginal Tax Rate = 35%, Average Tax Rate = 23.75% C. Marginal Tax Rate = 21.5%, Average Tax Rate = 35% D. Marginal Tax Rate = 23.75%, Average Tax Rate = 21.5% E. Marginal Tax Rate = 35%, Average Tax Rate = 35%

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