Here is the link for Appendix C: https://ezto-cf-media.mheducation.com/Media/Con
ID: 2329891 • Letter: H
Question
Here is the link for Appendix C: https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/jones_22e/Jones22e_AppC.pdf
Please answer A,B and C.
Check my Refer to the individual rate schedules in Appendix C a. What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $51,900 taxable income? b. What are the tax liability, the marginal tax rate, and the average tax rate for a single individual with $197,200 taxable income? . What are the tax liability, the marginal tax rate, and the average tax rate for a head of household with $446,300 taxable income? Complete this question by entering your answers in the tabs below Required A Required B Required C What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $51,900 taxable income? (Round final "Tax liability" to the nearest whole dollar and "Average tax rate" to 2 decimal places.) Tax liability Marginal tax rate Average tax rate Required BExplanation / Answer
Statement showing the tax liability, marginal tax rate and average tax rate in the following cases:
Working Note 1
Particulars Case A Case B Case C Tax liability (Working Note 1) 5,847 44,793.50 130,503 Marginal Tax rate (%) 12% 35% 35.90% Average Tax rate (%) 11.26% 22.71% 29.24%