2019 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,700 10% of taxable income $ 9,700 $ 39,475 8970 plus 12% of the excess over $9.700 $ 39,475 $ 84,200 $4,543 plus 22% of the excess over $39,475 $ 84,200 $160.725 $14.382.50 plus 24% of the excess over $84.200 $160,725 $204,100 $32.748.50 plus 32% of the excess over $160,725 $204,100 $510,300 $46.628.50 plus 35% of the excess over $204,100 $510,300 - $153.798.50 plus 37% of the excess over $510.300 Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Reg B Reqc Reg D How much federal tax will she owe? (Do not round intermediate calculations. Round "Federal tax" to nearest dollar.) Federal tax $ 116,164 ReqA ReqB > Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A ReqB ReqC Reg D What is her average tax rate? (Do not round intermediate calculations. Round total tax to 2 decimal places.) Choose numerator Average Tax Rate Choose denominator $ 116,763.75 / $ 400,000 29.19% Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) Required: a. How much federal tax will she owe? b. What is her average tax rate? c. What is her effective tax rate? d. What is her current marginal tax rate? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Reg A ReqB ReqC Reg D What is her effective tax rate? (Do not round intermediate calculations. Round total tax to 2 decimal places.) Choose numerator Effective Tax Rate Choose denominator $ 116,163.75 / $ 402,000 = 28.90%