Tax Rate Single Taxpayers 2010 Range of taxable income $0 to 0,525 to 30,?00 to 02,500 to 151500 to 200,000 to lDiver 500,000 $9,525 38,?00 32,500 15?,500 20 0, 0 0 0 500,000 Tax calculation Ease tax $0 953 4,454 14,000 32,090 45,500 150,500 ++++++++ [Marginal rate x amount over base bracket] X amount over amount over amount over amount over amount over amount over amount over 00} 0,525} 30,000} 02,500} 150,500} 200,000} 500,000} Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i , perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $14,800; $60,400; $90,500; $155,000; $251,000; $453,000; and $1.3 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). Explain the relationship between these variables