Table 1: Income Tax Brackets and Rates ATR Tax Bracket MTR Start of Bracket End of Bracket $0-$5,000 10% $5,001 - $30,000 15% $30,001 - $100,000 20% Note: Assume the 20% bracket tops out at $100,000. - 2. Use Table 1 to complete the following: a. Calculate the average tax rate for the start and end of each tax bracket. b. Calculate the total tax bill and the average tax rate for someone earning $40,000 and for someone earning $100,000. Assume that each person receives a $5,000 standard deduction c. Suppose the tax code is Table 1 is abolished and replaced with a 30% flat tax with a $10,000 standard deduction. Would this change make the tax code more progressive, more regressive, or neither