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39 - b Single taxpayer taxable income of $47,335 Answer a...

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45. Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the Form 1040EZ Tax Tables to determine tax liability. a. Married taxpayers, taxable income of $21,690.
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Unformatted text preview: b. Single taxpayer, taxable income of $47,335. Answer: a. Liability = $2,469 marginal = 15% average = 11.4% b. Liability = $8,255 marginal = 25% average = 17.4%...
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