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Required: Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the information in the

Required:
Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the information in the below table. Taxable Income and Total Tax Liability are in thousands.
Note: Enter your answers in whole dollars and not in thousands. Round the final answers to the nearest dollar value.
Ranges of Adjusted Gross Income
Item Under $15,000 $15,000 to under $30,000 $30,000 to under $50,000 $50,000 to under $100,000 $100,000 to under $200,000 $200,000 or more
Number of returns Required:
Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the
information in the below table. Taxable Income and Total Tax Liability are in thousands.
Note: Enter your answers in whole dollars and not in thousands. Round the final answers to the nearest dollar value.
*The average tax rate is total tax liability divided by taxable income.
Answer is complete but not entirely correct.30,714,90327,410,72128,926,59637,547,75424,180,52611,616,432
Taxable income $5,394,125 $189,351,926 $ 639,295,718 $ 1,912,931,663 $ 2,687,824,279 $ 6,249,271,422
Total tax liability $530,617 $15,560,244 $ 55,777,985 $ 215,289,667 $ 385,358,662 $ 1,591,315,179
Average tax rate*Footnote asterisk 9.84%8.22%8.72%11.25%14.34%25.46%
*Footnote asteriskThe average tax rate is total tax liability divided by taxable income.
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