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Timmy Tappan is single and had $163,840 in taxable income. Use the tax rates from Table 2.3. a. What are his income taxes? (Do not

Timmy Tappan is single and had $163,840 in taxable income. Use the tax rates from Table 2.3.
a. What are his income taxes? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is his average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. What is his marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent.)image text in transcribed
TABLE 2.3 $ Personal Tax Rates for 2019 (Unmarried Individuals) Tax Rate 10% 12 22 24 32 35 37 Taxable Income 0-9,700 9,700-39,475 39,475-84,200 84,200-160,725 160,725-204,100 204,100-510,300 510,300+

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