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Taxable Income. RAte $1-$9525 10% $9526 - $38700 12% $38701 - $82500 22% $82501-$157500 24% $157501-$200000 32% Frances is a young professional with a taxable

Taxable Income. RAte $1-$9525 10% $9526 - $38700 12% $38701 - $82500 22% $82501-$157500 24% $157501-$200000 32% Frances is a young professional with a taxable income of $159,000. What is the total tax liabilty and the top marginal tax rate and the average tax rate?

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