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Using Table 3.6 calculate the marginal and average tax rates for a single taxpayer with the following incomes: (Do not round intermediate calculations. Round
Using Table 3.6 calculate the marginal and average tax rates for a single taxpayer with the following incomes: (Do not round intermediate calculations. Round your answers to 1 decimal place.) Income Marginal Tax Rate Average Tax Rate a. $ 21,500 % % b. $ 53,000 % % C. $ 303,000 % % d. $ 3,300,000 % % TABLE 3.6 Personal tax rates, 2018 Taxable Income ($) Single Taxpayers Married Taxpayers Filing Joint Returns Tax Rate (%) $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82.501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 and above $400,001-$600.000 $600,001 and above $0-$19,050 $19,051-$77,400 10 12 $77,401-$165,000 $165,001-$315,000 $315,001-$400,000 22 24 32 35 37
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