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Question 2 15 pts Mo is a single taxpayer reporting $96,900 of gross income. In addition, Mo receives $5,000 of tax exempt interest Instructions: Compute

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Question 2 15 pts Mo is a single taxpayer reporting $96,900 of gross income. In addition, Mo receives $5,000 of tax exempt interest Instructions: Compute the following and enter the answer in the space provided. DO NOT use dollar ($) or percent (% ) signs, but DO use commas Decimals are only needed in d) and e). a Mo's taxable income is b. Mo's tax liability is (Round your final answer to the nearest whole dollar) C Mo's marginal tax rate is d. Mo's average tax rate is (Round your answer to one decimal place.) e. Mo's effective tax rate is (Round your answer to one decimal place)

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