Government G Levies an income tax with the following rate structure:
6% income from 0 to 30,000
10% income from 30001 to 70000
20% income from 70001 to 200000
28% income in excess of 200,000
A. Taxpayer A's taxable income is $187.600. compute A's tax and average tax rate. What is A's marginal tax rate?
B. Taxpayers B's taxable income is $737,100. Compute B's tax and average tax rate. what is B's marginal tax rate? Round your percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.
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