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Suppose Ryder's taxable income last year was $122,525 Last year's tax brackets If your taxable income is But not The of the Over over tax
Suppose Ryder's taxable income last year was $122,525 Last year's tax brackets If your taxable income is But not The of the Over over tax is:lamount over st bracket nd bracket 7,150 | 10% 7,150 | 29,050 | 15% | 7.150 29,050| 70,350 | 25% | 29,050 bracket th bracket th bracket th bracket 70,350 | 146,750| 28% | 70,350 |146,750| 319,100|33% | 146,750 6 319,100 35%| 319,100 Round all answers at 2 decimal places a) Calculate how much Ryder paid in taxes for each marginal tax bracket. bracket: bracket bracket: 4 bracket: bracket bracket TOTAL TAX BIL b) Enter Ryder's Total Tax Bill in the table above c) What is Ryder's marginal tax rate?% Enter your answer in each of the answer boxes
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