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Terri Simmons is single and had $179,000 in taxable income. Use the rates from Table 2.3. a. Calculate her income taxes. (DoTable 2.3 Personal Tax Rates for 2018 (Unmarried Individuals) Taxable Income Tax Rate 10% 0 9,525 9,525 - 38,700 12 38,700 82

Terri Simmons is single and had $179,000 in taxable income. Use the rates from Table 2.3. a. Calculate her income taxes. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) b. What is the average tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the marginal tax rate? (Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g., 32.) a. Income taxes b. Average tax rate c. Marginal tax rate
Table 2.3 Personal Tax Rates for 2018 (Unmarried Individuals) Taxable Income Tax Rate 10% 0 9,525 9,525 - 38,700 12 38,700 82,500 82,500 157,500 24 157,500 200,000 32 200,000 500,000 35 500,000 + 37
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Taxalble dncome $9,000 limat Tax payabla Rate 0. -9525 5- 38,200 350 00 22- 38,00-8,500 9636 ul. 82,soo-15,5 8,000 oo 33. 15539,00t.SD_ 38,969.Φ Marginal 7ar Rote 0d Hargrol pr Pali = 3201.

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