## Answers

**Answer:**

**Working:**

Taxable income = $93,080

**Single Tax payer:**

Total tax = 14382.50 + (93080 - 84200) * 24% = $16,513.70

Marginal tax rate = 24.00%

Average tax rate = Total tax / Taxable income =16513.70 / 93080 =17.74%

**Married Couple:**

Total tax = 9086 + (93080 - 78950) * 22% = $12,194.60

Marginal tax rate = 22.00%

Average tax rate = Total tax / Taxable income =12194.60 / 93080 = 13.10%

**Corporate:**

Total tax = 93080 * 21% = $19,546.80

Marginal tax rate = 21.00%

Average tax rate = Total tax / Taxable income =19546.80 / 93080 =21.00%

a. b. Taxpayer Single individual Married couple Corporation Total Tax $ 16,513.70 $ 12,194.60 $ 19,546.80 Marginal Tax Rate 24.00% 22.00% 21.00% Average Tax Rate 17.74% 13.10% 21.00%

.
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