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UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 4. Consider the following four taxpayers: Taxpayer 1 Filing Status - Single Total Income

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UNLESS OTHERWISE DIRECTED, ASSUME A 2020 TAX YEAR FOR THE PROBLEM. 4. Consider the following four taxpayers: Taxpayer 1 Filing Status - Single Total Income - $135,000 Taxable Income - $87,000 Taxpayer 2 Filing Status - Single Total Income - $135,000 Taxable Income - $107,000 Taxpayer 3 Filing Status - Single Total Income - $100,000 Taxable Income - $68,000 Taxpayer 4 Filing Status - Single Total Income - $100,000 Taxable income - $84,000 Calculate the average, effective, and marginal tax rates for each taxpayer

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