Determine the tax liability and marginal tax rate

Reference no: EM132688027

Question 1: Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in each of the following cases. Use the tax tables to determine tax liability.

a. Single taxpayer, taxable income of $38,862:
Liability = __________ Marginal = __________ Average = __________

b. Single taxpayer, taxable income of $89,889:
Liability = __________ Marginal = __________ Average = __________

Question 2: Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in each of the following cases. Use the tax tables to determine tax liability.

a. Married taxpayers, taxable income of $38,862:
Liability = _________ Marginal = _________ Average = _________

b. Single taxpayer, taxable income of $61,229:
Liability = _________ Marginal = _________ Average = _________

Attachment:- Federal tax.zip

Reference no: EM132688027

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