Tax Liability Calculation, Marginal and Average Tax Rates for Various Filing Status (LO. 1) A taxpayer has $95,000 of taxable income for the current year. Determine the total tax, the marginal tax rate, and the average tax rate if the taxpayer is a a. Single individual b. Married couple filing jointly C. Corporation Do not round intermediate computations. Round total taxes to two decimal places. When required, round tax rates to two decimal places. Refer to the tax rate schedule to calculate the following: Taxpayer Average Tax Rate Total Tax 16,974.26 a. Single individual $ X 17.87 % Marginal Tax Rate 24 % 22 % 21 % b. Married couple $ 12,616.78 13.28 Corporation 20,750 21.84 X %