Table: Tax Brackets $$\begin{array} { l c }
\hline \text { Income (\$) } & \begin{array} { c }
\text { Marginal tax rate } \
( \% )
\end{array} \
\hline 0 - 17,000 & 10 \
17,001 - 69,000 & 15 \
69,001 - 139,350 & 25 \
139,351 - 212,300 & 28 \
212,301 - 379,150 & 33 \
379,151 \text { and above } & 35 \
\hline
\end{array}$$
Consider the tax brackets shown in the accompanying table. If your income is $90,000, what will be your tax liability, marginal tax rate, and average tax rate?

Question

Table: Tax Brackets $$\begin{array} { l c } 
\hline \text { Income (\$) } & \begin{array} { c } 
\text { Marginal tax rate } \
( \% )
\end{array} \
\hline 0 - 17,000 & 10 \
17,001 - 69,000 & 15 \
69,001 - 139,350 & 25 \
139,351 - 212,300 & 28 \
212,301 - 379,150 & 33 \
379,151 \text { and above } & 35 \
\hline
\end{array}$$ 
Consider the tax brackets shown in the accompanying table. If your income is $90,000, what will be your tax liability, marginal tax rate, and average tax rate?

Quizplus · Accepted Answer

The Answer of Table: Tax Brackets $$\begin{array} { l c } 
\hline \text { Income (\$) } & \begin{array} { c } 
\text { Marginal tax rate } \
( \% )
\end{array} \
\hline 0 - 17,000 & 10 \
17,001 - 69,000 & 15 \
69,001 - 139,350 & 25 \
139,351 - 212,300 & 28 \
212,301 - 379,150 & 33 \
379,151 \text { and above } & 35 \
\hline
\end{array}$$ 
Consider the tax brackets shown in the accompanying table. If your income is $90,000, what will be your tax liability, marginal tax rate, and average tax rate?

Table: Tax Brackets Consider the Tax Brackets Shown in the Accompanying Table