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V. 15 Points - Using the table below, identify the following for an individual with taxable income of $90 000 and Federal Income Tax due
V. 15 Points - Using the table below, identify the following for an individual with taxable income of $90 000 and Federal Income Tax due in the amount of $19,178. Round to the nearest hundredth. A. Marginal Tax Rate: _____ B. Average Tax Rate: _____ 10% on income between $0 and $8,025 15% on the income between $8,025 and $32,550; Plus $802.50 25% on the income between $32,550 and $78,850; plus $4481.25 28% on the income between $78,850 and $164,550; plus $16, 056.25 33% on the income between $164,550 and $357,700; plus $40,052.25 35% on the income over $357,700; plus $103,791.75
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