Refer to the individual rate schedules in Appendix c Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married individual filing separately with $42,500 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $150,500 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household individual with $275,000 taxable Income? d. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $630,000 taxable Income? Complete this question by entering your answers in the tabs below. nces Required A Required B Required Required What are the tax liability, the marginal tax rate, and the average tax rate for a married individual ning separately with $42,500 taxable income? (Do not found your intermediate computations. Round Tax liability to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Taxably $ 5,200 Marginal tax rate 22 Average tax rate 12 26% Marie Pimny Jomay anu SuLvivm Spouse If taxable income is Not over $19.900 Over $19.900 but not over $81,050 Over $81,050 but not over $172,750 Over $172,750 but not over $329,850 Over $329,850 but not over $418,850 Over $418,850 but not over $628,300 Over $628,300 The tax is 10% of taxable income $1,990.00 +12% of excess over $19.900 $9,328.00 +22% of excess over $81,050 $29,502.00 +24% of excess over $172,750 $67,206.00 + 32% of excess over $329,850 $95,686,00 + 35% of excess over $418,850 $168.993.50 +37% of excess over $628,300 Married Filing Separately If taxable income is Not over $9.950 Over $9.950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,425 Over $209,425 but not over $314,150 Over $314,150 The tax is 10% of taxable income $995.00 + 12% of excess over $9,950 $4,664,00 + 22% of excess over $40,525 $14,751.00 +24% of excess over $86,375 $33,603,00 + 32% of excess over $164.925 $47,843.00 + 35% of excess over $209,425 $84.496.75 +37% of excess over $314,150 Head of Household If taxable income is Not over $14,200 Over $14.200 but not over $54,200 Over $54,200 but not over $86,350 Over $86,350 but not over $164.900 Over $164.900 but not over $209,400 Over $209,400 but not over $523,600 Over $523,600 The tax is 10% of taxable income $1,420.00 +12% of excess over $14,200 $6,220,00 + 22% of excess over $54,200 $13,293.00 +24% of excess over $86,350 $32.145.00+ 32% of excess over $164.900 $46,385.00 +35% of excess over $209,400 S156,355.00 + 37% of excess over $523,600 Single Ir taxable income is Not over $9.950 Over $9.950 but not over $40,525 Over $40,525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209 450 Over $209 450 but not over $523.600 The tax is 10% of taxable income $995.00 +12% of excess over $9.950 $4.664.00 +22% of excess over $40.525 S14,751.00 +24% of excess over $86,375 $33,603.00 +32% of excess over $164.925 $47.843.00 + 35% of excess over $209,425 Single If taxable income is Not over $9,950 Over $9.950 but not over $40,525 Over $40.525 but not over $86,375 Over $86,375 but not over $164.925 Over $164.925 but not over $209,450 Over $209,450 but not over $523,600 Over $523,600 The tax is 10% of taxable income $995.00 +12% of excess over $9,950 $4,664.00 +22% of excess over $40,525 $14,751.00 +24% of excess over $86,375 $33,603.00 + 32% of excess over $164.925 $47,843.00 + 35% of excess over $209,425 $157,804.25 + 37% of excess over $523,600 ESTATE AND TRUST TAX RATES If taxable income is Not over $2,650 Over $2.650 but not over 59.550 Over $9.550 but not over $13,050 Over $13.050 The tax is 10% of taxable income $265.00 +24% of excess over $2,650 $1.921.00 + 35% of excess over $9,550 $3.146.00 +37% of excess over $13,050
