4) The tax percentages listed are marginal tax
rates which means that the percentage tax only
applies to the income in each given range. What
is the marginal tax rate on a Single filer with
$75,000 taxable income?
5) What's the maximum amount a married couple
filing jointly could make and still fall within the 24%
tax bracket?
6) How would you describe the relationship
between income levels and marginal tax rates?
7) Assume a Single person and Married Couple
(filing jointly) have the same income of $65,000.
Who would pay a higher income tax?
8) Would you expect the average tax paid by
taxpayers to be more or less than their marginal
tax rates? Provide an example to explain your
answer.