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Taxable income Rate $0 - $9,525 10.0% $9,526 - $38,700 12.0% $38,701 - $82,500 22.0% $82,501 $157,500 24.0% $157,501 - $200,000 32.0% $200,001 - $500,000

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Taxable income Rate $0 - $9,525 10.0% $9,526 - $38,700 12.0% $38,701 - $82,500 22.0% $82,501 $157,500 24.0% $157,501 - $200,000 32.0% $200,001 - $500,000 35.0% $500,001 or more 37% Using the previous tax table, compute the tax liability for the Individual in the scenario presented, rounding the ability to the nearest dollar. In addition, use the dropdown Mists to identify the marginal tax rate and average tax rate for the Individual in the scenario. Raphael's Tax Scenario Raphael is a professional with taxable income of $31,525. What is Raphael's total tax liability? 5 (Note: Round your answer to the nearest cent, if necessary) What is Raphael's top marginal tax rate? What is Raphael's average tax rate

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