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Table 2.3 Personal Tax Rates for 2018 (Unmarried Individuals) Taxable Income Tax Rate $ 0 - 9,525 9,525 - 38,700 38,700 - 82,500 82,500 -
Table 2.3 Personal Tax Rates for 2018 (Unmarried Individuals) Taxable Income Tax Rate $ 0 - 9,525 9,525 - 38,700 38,700 - 82,500 82,500 - 157,500 157,500 - 200,000 200,000 - 500,000 500,000 + Terri Simmons is single and had $158,000 in taxable income. Use the rates from Table 2.3. a. Calculate her income taxes. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) b. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) Income taxes b. Average tax rate c. Marginal tax rate
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