Taxable Income and Total Tax Liability are in thousands. Item Number of returns Taxable income Total tax liability Average tax rate* Under $15,000 Ranges of Adjusted Gross Income $15,000 to under $30,000 to under $30,000 $50,000 27,479,909 27,613,637 $ 192,991,768 $ 604,739,808 $ 14,879,011 $ 50,590,871 39,273,402 $ 6,942,229 $ 781,332 11.25% *The average tax rate is total tax liability divided by taxable income. Required A Required B 7.71% 35,461,449 $ 1,754,582,416 $ 187,033,777 10.66% Required: a. If the federal tax system was changed to aproportional tax rate structure with a tax rate of 17.10%, calculate the amount of tax liability for 2021 for all taxpayers. b. What is the amount and nature of difference from actual tax liability specified in the above table? $100,000 to under $200,000 21,933,838 $ 2,305,375,171 $ 318,659,367 If the federal tax system was changed to a proportional tax rate structure with a tax rate of 17.10%, calculate the amount of tax liability for 2021 for all taxpayers. Note: Consider intermediate computations and final answer in thousands of dollars, rounded to the nearest whole number. Amount of tax liability 13.82% $200,000 or more 9,584,402 $ 3,866,022, 623 $ 907,242,543 23.47%

Taxable income and Total Tax Liability are in thousands ine average tax rate is total tax llability divided by taxable income. Required: a. If the federal tax system was changed to atoroportional tax rate structure with a tax rate of 1710x, calculate the amount of tax. liability for 2021 for all taxpayers. b. What is the emount and nature of difference from actual tax liability specified in the obove table? If the foderal tax system was changed to o proportional tax rate structure with a tax rate of 17.10%, caiculate the amount of tax labily for 2021 for all taxpayers. Note: Convder intermediate computations and final answer in thousands of dollars, rounded to the nearest whole number