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was $ 6 3 0 0 and the personal exemption was $ 4 0 0 0 . The 2 0 1 5 tax rates vary

was $6300 and the personal exemption was $4000. The 2015 tax rates vary by income bracket and are given in the table below.
$6,300 deduction and the $4,000 exemption to get a taxable income of $51,939-$6,300-$4000=$41,639. Then to compute the tax liability you have:
TotalTax =0.19225+0.15(37540-9225)+0.25(41639-37540)
which equals $6203.50. You can calculate an "effective tax rate" based on the original income as
EffectiveTaxRate =6203.5051939
which equals 11.9%.
not percent) as the second output of the function.
Function
function [TotalTax, EffectiveTaxRate]= student_solution(Income)
TotalTax = Income; %replace with your own calculation using the function input variables
EffectiveTaxRate = Income;USE
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