Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns Susan and...
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Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $235,000. Round your answers to two decimal places. a. What is their federal tax liability? $ b. What is their marginal tax rate? \% c. What is their average tax rate? % Table 3.5 2015 Individual Tax Rates Single Individuals Married Couples Filing Joint Returns Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $235,000. Round your answers to two decimal places. a. What is their federal tax liability? $ b. What is their marginal tax rate? \% c. What is their average tax rate? %
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