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Timmy Tappan is single and had$181,500 in taxable income. Use the rates from Table 2.3 . Table 2.3 Personal Tax Rates for 2021 (Unmarried Individuals)

Timmy Tappan is single and had$181,500 in taxable income. Use the rates from Table 2.3.

Table 2.3 Personal Tax Rates for 2021 (Unmarried Individuals)

Taxable Income Tax Rate
$0-9,950 10%
9,950-40,525 12
40,525-86,375 22
86,375-164,925 24
164,925-209,425 32
209,425-523,600 35
523,600+ 37

a.

Calculate hisincome taxes. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

b.

What is the 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 the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.)

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