please show work Use the following tax brackets for taxable income for...
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Use the following tax brackets for taxable income for question #1 and #2: Bracket $0 - $10,000 $10,000 - $35,000 $35,000 - $250,000 over $250,000 Tax Rate 13% 20% 32% 39% Charles's taxable income last year is $410,000. Please compute his marginal rate, and his average tax rate using the tax brackets. 1. Calculate the average tax rate. (1 point) a. 36.69% b. 34.17% c. 33.54% d. 31.62% 2. What is the marginal rate? (1 point) a. 13% b. 39% c. 22% d. 20%
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