Victoria Bassett is from Eau Claire, Wisconsin and she has a $55,500 gross income in 2016. What amount of taxes on a gross income will she pay? (Hint: Use Table 4-1.) Round your answer for tax liability to the nearest cent, answer for an average tax rate to two decimal places and answer for a marginal tax rate to the nearest whole number.

She paid $_____ in taxes on a gross income.

An average tax rate would be _________ percent on gross income. A marginal tax rate would be __________ percent.

Table 4-1 The Progressive Nature of the Federal Income Tax Single Individuals If taxable income is: Up to $9,275 Over $9,276 but not over $37,650 Over $37,651 but not over $91,150 Over $91,151 but not over $190,150 Over $190,151 but not over $413,350 Over $413,351 but not over $415,050 Over $415,051 Marginal Tax Rate 10% 15% 25% 28% 33% 35% 39.6%