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TABLE 3.6 Personal tax rates, 2018 Taxable income ($) Married Taxpayers Filing Joint Returns $0-$19,050 $19,051-$77,400 $77,401-$165,000 $165,00 1-$315,000 $315,00 1-$400,000 $400,001-$600,000 $600,001 and above
TABLE 3.6 Personal tax rates, 2018 Taxable income ($) Married Taxpayers Filing Joint Returns $0-$19,050 $19,051-$77,400 $77,401-$165,000 $165,00 1-$315,000 $315,00 1-$400,000 $400,001-$600,000 $600,001 and above Single Taxpayers $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 and above Tax Rate (%) 10 12 22 24 32 A married couple earned $106,000 in 2018. How much did they pay in taxes? (Use the tax rates presented in Table 3.6) (Do not round intermediate calculations. Round your answer to 2 decimal places.) Taxes a. What was their marginal tax bracket? Marginal tax rate % b. What was their average tax bracket? (Do not round intermediate calculations. Enter your answer as a percent rounded.) Average tax rate %
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