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Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $61.900 taxable

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Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $61.900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $194,800 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $456,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required Required What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $61,900 taxable income? (Round final Tax liability to the nearest whole dollar and 'Average tax rate" to 2 decimal places) Tax liability Marginal tax rate Average tax rate Required B > Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing Jointly with $61,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $194.800 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $456,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required B Required What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $194,800 taxable income? (Do not round your intermediate computations. Round final "Tax liability to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Tax liability Marginal tax rate Average tax rate % % Required: a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $61,900 taxable Income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $194,800 taxable income? c. What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $456,300 taxable income? Complete this question by entering your answers in the tabs below. Required A Required Robired What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $456,300 taxable income? (Do not round your intermediate computations. Round final "Tax liability to the nearest whole dollar and "Average tax rate to 2 decimal places) Tax liability Marginal tax rate Average tax rate APPENDIX C 2021 Income Tax Rates INDIVIDUAL TAX RATES Married Filing Jointly and Surviving 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 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 Head of Household If taxable income is Not over $14,200 Over $14.200 but not over S54.200 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 S523,600 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 $156,355.00+ 37% of excess over S523,600 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 S523.600 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 S523.600 ESTATE AND TRUST TAX RATES If taxable income is Not over $2,650 Over $2,650 but not over $9.550 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

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