Remaining Time: 1 hour, 37 minutes, 09 seconds. Question Completion Status: QUESTION 2 8 point For questions 2 through 4 use the following information for the tax year 2020. Abram is a single taxpayer with wages of $85.200 on his W-2. In addition, Abram receives $5,000 of municipal bond interest income. He has no itemized deductions. What is Abram's taxable income for federal income tax purposes (rounded)? a. $69,650 b. $72,800 c. $73,000 d. $79,650 e. $81,000 QUESTION 3 8 poin What is Abram's tax liability (rounded)? a. $11,806 b. $15,356 c. $16,400 d. $18.913 e. $21,250 8 poin QUESTION 4 Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers e. $21,250 QUESTION 4 What is Abram's marginal tax rate? a. 10% b. 12% ( C. 22% d. 24% e. 32% QUESTION 5