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Marginal and average tax rates Partner A, a single taxpayer , is one of two partners in a small business . As such , she receives pass - through...

how do I work this problem to get the tax liability for earnings before taxes of $11,600Screen Shot 2019-05-01 at 1.12.16 PM.pngScreen Shot 2019-05-01 at 1.11.24 PM.png

Screen Shot 2019-05-01 at 1.11.24 PM.png

Marginal and average tax rates Partner A, a single taxpayer , is one of two partners in a small business . As such , she
receives pass - through income that is taxed at her personal tax rates . After all adjustments and deductions have been
made , including the 20%/ qualified business income deduction , she is preparing to calculate her taxes owed for the year .
Using the tax rate schedule given here , perform the following :
a . Calculate the tax liability , after-tax earnings , and average tax rates for the following levels of partnership earnings
before taxes : $1 1, 600; $81, 300: $296.0100; $490, 000; $ 1. 2 million ; $ 1. 5 million ; and $ 1 . 8 million .
6 . Plot the average tax rates | measured on the "_axis ) against the pretax income levels ( measured on the *_axis ) . What
generalization can be made concerning the relationship between these variables ?"
a . Calculate the tax liability , after- tax earnings , and average tax rates for the following levels of partnership earnings.
before taxes : $1 1, 600; $81, 300. 5296,000; $490, 000. 51, 2010.000; $1. 5 million ; and $ 1. 8 million .
The tax liability for earnings before taxes of $1 1. 600 is $| | | Round to the nearest dollar.!

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15 - Single Taxpayers - 2018
Tax calculation
nge of taxable income
Base tax
+
|Marginal rate* amount over base bracket )
50 to
$9. 525
+
( 10%'s
*` amount over
9. 525 to
38. 700
953
+
(12%
` amount over
9,525)
38, 700 to
$2.500
4. 45.4
+
` amount over
38, 70.01
82, 500 to
157, 500
14. 090
+
124%6
` amount over
$2, 50 0')
157,500 to
200.000
32.090
+
` amount over
157, 5001
200,000 to
500.000
45. 690
+
135%
` amount Over
200, 0001
18: 500.000
150.690
+
137%/}
` amount OVER
500,0001

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