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Question 4. Income Tax [20 points] Table 1. Tax Brackets and Rates, 2018 For Unmarried For Married Individuals For Heads of Rate Individuals, Taxable Filing

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Question 4. Income Tax [20 points] Table 1. Tax Brackets and Rates, 2018 For Unmarried For Married Individuals For Heads of Rate Individuals, Taxable Filing Joint Returns, Taxable Households, Taxable Income Over Income Over Income Over 10% $0 $0 Se 12% $9,525 $19,850 $13,600 22% $38,700 $77,400 $51,800 24% $82,500 $165,000 $82,500 32% $157,500 $315,000 $157,500 35% $200,000 $400,000 $200.000 37% $500,000 $600,000 $500,000 A single individual has a 2018 federal adjusted gross income of $437,905. She/he/they recall that they took $4,050 in personal exemptions during the last tax year. She/they/he has allowable itemized deductions of $11,000 and eligible for $1,000 in credits. 4b) What is this person's marginal tax rate, average tax rate, and effective tax rate? (Show work)

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