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Refer to the individual rate schedules in AppendixC. Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for
Refer to the individual rate schedules in AppendixC. 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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? Note: Do not round your intermediate computations. Round "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $150,500 taxable income? Note: Do not round your intermediate computations. Round "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places. 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? Note: Do not round your intermediate computations. Round "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places. 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? Note: Round "Average tax rate" to 2 decimal places. 2022 Income Tax Rates INDIVIDUAL TAX RATES Married Filing Jointly and Surviving Spouse Married Filing Separately Head of Household Single ESTATE AND TRUST TAX RATES
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