Sharon has a total income of $1,500,000, taxable income of $800,000 and a tax liability of $200,000. Each additional dollar of deduction will save her 37 cents in taxes. What is Sharon's marginal, average, and effective tax rates? OOO Marginal tax rate = 37%; Average tax rate = 25%; Effective tax rate = 13% Marginal tax rate = 37%; Average tax rate = 13%; Effective tax rate = 25% Marginal tax rate = 37%; Average tax rate = 25%; Effective tax rate = 5% Marginal tax rate = 37%; Average tax rate = 37%; Effective tax rate = 37%

Sharon has a total income of $1,500,000, taxable income of $800,000 and a tax liability of $200,000. Each additional dollar of deduction will save her 37 cents in taxes. What is Sharon's marginal, average, and effective tax rates? Marginal tax rate =37%; Average tax rate =25%; Effective tax rate =13% Marginal tax rate =37%; Average tax rate =13%; Effective tax rate =25% Marginal tax rate =37%; Average tax rate =25%; Elfective tax rate =5% Marginal tax rate =37%; Average tax rate =37%; Effective tax rate =37%