Problem 1 48 Lo 1 2 1 4 Determine Tax Liability Marginal Tax Rate Average Tax Rate Followi Q17781582

Problem 1-48 (LO 1-2, 1-4)
Determine the tax liability, marginal tax rate, and average taxrate in each of the following cases. (Use the tax tables tocompute tax liability. Round “Average tax rate” to 2 decimalplaces.)
Use the below Form 1040EZ Tax Tables.
Married taxpayers, who file a joint return, have taxable incomeof $29,464.
Single taxpayer, has taxable income of $97,137.
Tax liability         Margin tax rate    Average tax rate
a.__________    __________%       __________%
b. __________   __________ %        __________%
 
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