2 Calculating Tax Liabilities Calculating Taxable Income Taxable Income 1 9 075 Rate 10 0 9 076 36 900 15 0 36 90 1 (36.6 KiB) Viewed 22 times
2 Calculating Tax Liabilities Calculating Taxable Income Taxable Income 1 9 075 Rate 10 0 9 076 36 900 15 0 36 90 2 (26.44 KiB) Viewed 22 times
2. Calculating tax liabilities Calculating Taxable Income Taxable income $1$9,075 Rate 10.0% $9,076-$36,900 15.0% $36,901-$89,350 25.0% $89,351-$186,350 28.0% $186,351-$405,100 33.0% $405,101-$406,750 Over $406,751 35.0% 39.6% Using the previous tax table, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Lisa and Andy Lisa's Tax Scenario Lisa is a young professional who lives in downtown Denver. She has taxable income of $92,735 as an advertising account executive for Pirtucon Co.
Lisa's Tax Scenario Lisa is a young professional who lives in downtown Denver. She has taxable income of $92,735 as an advertising account executive for Pirtucon Co. What is Lisa's tax liability? What is Lisa's top marginal tax rate? What is Lisa's average tax rate? Andy's Tax Scenario Andy is a young professional who lives in downtown New York City. He has taxable income of $63,000 as a medical sales rep for Globo Chem Co. What is Andy's tax liability? What is Andy's top marginal tax rate? What is Andy's average tax rate?
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