Taxable income

Rate

$0 $9,52510.0%

$9,526 $38,70012.0%

$38,701 $82,50022.0%

$82,501 $157,50024.0%

$157,501 $200,00032.0%

$200,001 $500,00035.0%

$500,001 or more37%

Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario.

Poornimas Tax Scenario

Poornima is a professional with taxable income of $64,700.

What is Poornimas total tax liability? (Note: Round your answer to the nearest cent, if necessary.)

What is Poornimas top marginal tax rate?

What is Poornima's average tax rate?