Taxable Income and Total Tax Liability are in thousands. "The avercge tax rate is total tax kabily divided by taxable income. Required: a. If the federal tax system was changed to a proportional tax fate structure with a tax rate of 1710 . calculato the amount of tax liabiity for 2021 for all taxpayers. b. What is the amount and natiare of difference from actuat tax liablity specified in the above table? If the federal tax syitem was changed to a proportional tax rate structure with a tax rate of 17.10\%, caleulate the amount of tax liability for 2021 for all taxpayers. Note: Consider lnterdmediate computatisna and final antwer in thousands of dolars, rounded to the nearest whicie number. Nonsicer intermiediate computabons and bnat answer in thousands of dollars, rounsed to the nearest whole number? Show lesud Required: a. If the federal tax system was changed to a proportional tax rate structure with a tax rate of 1710%, 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? What is the amount and nature of difference from actual tax liabaity specified in the above table? Note: Input your answer as a positive number. Consider intermediate computations and final answer in thousands of dotiars, rounded to the nearest whole number. Taxable Income and Total Tax Liability are in thousands. "The avercge tax rate is total tax kabily divided by taxable income. Required: a. If the federal tax system was changed to a proportional tax fate structure with a tax rate of 1710 . calculato the amount of tax liabiity for 2021 for all taxpayers. b. What is the amount and natiare of difference from actuat tax liablity specified in the above table? If the federal tax syitem was changed to a proportional tax rate structure with a tax rate of 17.10\%, caleulate the amount of tax liability for 2021 for all taxpayers. Note: Consider lnterdmediate computatisna and final antwer in thousands of dolars, rounded to the nearest whicie number. Nonsicer intermiediate computabons and bnat answer in thousands of dollars, rounsed to the nearest whole number? Show lesud Required: a. If the federal tax system was changed to a proportional tax rate structure with a tax rate of 1710%, 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? What is the amount and nature of difference from actual tax liabaity specified in the above table? Note: Input your answer as a positive number. Consider intermediate computations and final answer in thousands of dotiars, rounded to the nearest whole number
