Alex Martinez is single and earned $214,500 in taxable incom…
Alex Martinez is single and earned $214,500 in taxable income. Using the following tax rates table, calculate Alex’s total income taxes. What is the average tax rate? What is the marginal tax rate?Taxable Income Range ($)Tax Rate0 – 11,00010%11,000 – 44,72512%44,725 – 95,37522%95,375 – 182,10024%182,100 – 231,25032%231,250 – 578,12535%578,125 and above37%