Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes shown. Give all answers to two
decimals.
Taxable Income
Tax rate
$0-$9,700
10%
$9,701-$39,475
12
$39,476-$84,200
22
$84,201-160,725
24
$160,726-$204,100
32
$204,101-$510,300
35
Over $510,300
37
1st attempt
Part 1 (2 points)
What would be your federal income tax if your taxable income was $103,000.00? $ 25854.50
What is the average tax rate for $103,000.00 in taxable income? 25 %
Part 2 (2 points)
How much tax would you owe if your income increased by $25,000 to $128,000.00? $
What would be your average tax rate with $128,000.00 of taxable income? %