Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals.

If you have a taxable income of $247,200.00, what is your

top marginal tax rate?%

total tax bill?$

average tax rate?%

Taxable Income Tax rate $0-$9,700 10% $9.701-$39 475 12 $39.476-$84,200 22 $84,201-160,725 24 $160726-$204,100 32 $204,101-$510 300 35 Over $510.300 37