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Government G levies an income tax with the following rate structure: Percentage Rate Bracket 6...

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Accounting

Government G levies an income tax with the following rate structure:

Percentage Rate Bracket

6 % Income from 0 to $30,000

10 Income from $30,001 to $70,000

20 Income from $70,001 to $200,000

28 Income in excess of $200,000

Taxpayer As taxable income is $190,700. Compute As tax and average tax rate. What is As marginal tax rate?

Taxpayer Bs taxable income is $762,200. Compute Bs tax and average tax rate. What is Bs marginal tax rate?

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