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3. Lauren Nicole graduated from Florida State University in 2014. She has an interesting and high paying job with Coach Purse Company. However, Lauren did not pay attention in her Personal Financial Planning class and is very concerned about paying her 2020 Federal income taxes. She is single with no children and has a total income of $54,470 and a taxable income of $49,837 (which includes a short-term capital gain of $1,400). She has the following monthly expenses: car loan - $270; cell phone - $125; food - $283; entertainment - $180; and credit card - $92. 1. Calculate Lauren's 2020 average tax rate (see 2020 Tax Brackets below) 1. Calculate Lauren's 2020 marginal tax rate (See 2020 Tax Brackets below) 1. As Lauren's financial advisor, explain the difference between tax avoidance and tax evasion. 2020 Tax Brackets (Single) 10% - $0 to $9,875 12% - $9,876 to $40,125 22% - $40,126 to $85,525 24% - $85526 to $163,300 32% - $163,301 to $207,350 34% - $207,351 to $518,400 37% - $518,401 or more