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QUESTIONS Use the following tax table to answer the next two questions il your taxable income is You pay this amount on the base of
QUESTIONS Use the following tax table to answer the next two questions il your taxable income is You pay this amount on the base of the bracket Plus this percentage on the excess over the base (marginal rate) Up to 99525 $0 10% 12.525 538.700 952.50 124 538 700 - 582 500 4453.50 22 552 500 - 5157,500 14089.50 24% 5157.500 - $200.000 32,059.50 32 I jat and Morgan Smith had taxable income of 574,376 for the year. How much do they owe in taxes? Round to the nearest penny (14 points) What is the couples average tax rate? Round to two decimals on the percentage example 16792 = 1679 16 points
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