What is this couple's tax liability?

-$39250

-$50000

-$42100

-$46700

What is the average tax rate of this couple?

-17.72%

-19.6%

-16.7%

-18.46%

This tax is...?

- Flat

-Proportional

-Progressive

-Regressive

You are the tax accountant for a couple that earned a total of $250,000 in the past year. They have $15,000 in exclusions, $12,000 in exemptions and $24,000 in deductions. There are no long term capital gains, dividends or interest income from municipal bonds. Given the following tax table, what tax bracket are they in? Tax Taxable Income first $20,000 next $50,000 next $50,000 next $80,000 next $100,000 Everything else | 10% 15% 20% 25% 30% 35% O 25% O 35% 03096 O 20%