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Reproduce all the work shown in the video. Then save and submit. Marginal and average tax rates. Using the tax rate schedule given in Table 1.2, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $10,000, $80,000; 300,000;$500,000; and $1 million Table 1.2 2018 Tax Rate Schedule for Single Taxpayer Taxable income brackets Base tax $0 $0 to to to $0 $9.525 $38,700 $82,500 $157,500 $200,000 $500.000 $9.525 $38,700 $82,500 $157.500 $200,000 $500,000 $953 $4,454 $14,090 $32,090 $45,690 $150,690 Tar calculation (Marginal rate x amount over bracket lover limit) 10% x amount over x amount over $9.525 22% x amount over $38,700 24% x amount over $82,500 32% x amount over $157,500 35% x amount over $200,000 37% x amount over $500,000 to to to Over Solution a. Earnings before taxes $10,000 $80,000 $300,000 $500,000 $1,000,000 10% on the first Tax liabilities Marginal Tax Rate Average Tax rates $13,539.50 2296 12% 3596 35% 12% on the next 22% on the last 37% 16.92% 9525 22% on Base Tax 41300 Total Tax 4454 9086 13540 10% 12%