Using the individual tax rate schedule, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $11,100, $76,400; $317,000; $494,000; $1.1 million; $1.7 million; and $2.1 million. b. Plot the average tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). What generalization can be made concerning the relationship between these variables? a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $11,100; $76,400, $317,000; $494,000: $1.1 million; $1.7 million; and $2.1 million. (Round dollars to the nearest cent and round percentages to one decimal place.)

Using the indiridual tax rate scheduse Gitt, Doiborm the following million; $1.7 malion, and $2.1 mition between these variables? 517 malion; and 52.1 millon Round dolars to the nearest cent and round percenteges to ono decenal place)