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Taxable income Tax Rate 10% TABLE 2.3 Personal tax rates for 2018 (unmarried individuals) 12 $ 0- 9,525 9,525- 38,700 38,700- 82,500 82,500- 157,500 157,500-

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Taxable income Tax Rate 10% TABLE 2.3 Personal tax rates for 2018 (unmarried individuals) 12 $ 0- 9,525 9,525- 38,700 38,700- 82,500 82,500- 157,500 157,500- 200,000 200,000, 500,000 500,000+ 22 24 32 35 37 LO 3 5. Calculating Taxes Duela Dent is single and had $189,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate her income taxes. 6. Tax Rates In Problem 5, what is the average tax rate? What is the marginal tax rate? LO 3

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