Use the following tax table to answer the next two questions If your taxable income is You pay this amount on the base of the bracket Plus this percentage on the excess over the base (marginal rate) Up to $9,525 $0 10% $9,525 - $38,700 952.50 12% $38,700 - $82,500 4,453.50 22% $82,500 - $157,500 14,089.50 24% $157,500 - $200,000 32,089.50 32% Jax and Morgan Smith had taxable income of $116,917 for the year. How much do they owe in taxes? Round to the nearest penny (14 points) What is the couple's average tax rate? Round to two decimals on the percentage example .16792 = 16.79% (6 points)