Beth is single and lives in New York. Beth earned $280,000 in 2011. The following table shows the IRS tax rates for a single taxpayer in 2011
On Taxable Income .. Tax Rates
up to $8,500 10%
From $8,500 to $34,500 15%
From $34,500 to $83,600 25%
From $83,600 to $174,400 28%
From $174,400 to $379,150 33%
Over $379,150 35%
Fill in the Following table with Beth's marginal tax rate, total amount of taxes owed, and average tax rate for 2011:
Marginal tax rate: ____%
Taxes owed: ____$
Average tax rate: ____%
1 answer