Asked by Michelle Chrisette on Jun 15, 2024

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Use Table A to complete Table B.
 TABLEA On Taxable Income  The Tax Rate Is  Up to $27,05015.0% From $27,051 to $65,55027.5% From $65,551 to $136,75030.5% From $136,751 to $297,35035.5% Over $297,35039.1%\begin{array}{l}\text { TABLE}{A }\\\begin{array} { | l | l | } \hline \text { On Taxable Income } & \text { The Tax Rate Is } \\\hline \text { Up to } \$ 27,050 & 15.0 \% \\\hline \text { From } \$ 27,051 \text { to } \$ 65,550 & 27.5 \% \\\hline \text { From } \$ 65,551 \text { to } \$ 136,750 & 30.5 \% \\\hline \text { From } \$ 136,751 \text { to } \$ 297,350 & 35.5 \% \\\hline \text { Over } \$ 297,350 & 39.1 \% \\\hline\end{array}\end{array} TABLEA On Taxable Income  Up to $27,050 From $27,051 to $65,550 From $65,551 to $136,750 From $136,751 to $297,350 Over $297,350 The Tax Rate Is 15.0%27.5%30.5%35.5%39.1%  TABLE B  Taxpayer  Income  Tax Amount  Average Tax Rate  John $52,700 Todd $132,500 Glen $237,000 Jake $315,250\begin{array}{l}\text { TABLE B }\\\begin{array} { | l | l | l | l | } \hline \text { Taxpayer } & \text { Income } & \text { Tax Amount } & \text { Average Tax Rate } \\\hline \text { John } & \$ 52,700 & & \\\hline \text { Todd } & \$ 132,500 & & \\\hline \text { Glen } & \$ 237,000 & & \\\hline \text { Jake } & \$ 315,250 & & \\\hline\end{array}\end{array} TABLE B  Taxpayer  John  Todd  Glen  Jake  Income $52,700$132,500$237,000$315,250 Tax Amount  Average Tax Rate 

Taxable Income

The amount of income subject to taxes, after deductions and exemptions, according to the tax laws governing the taxpayer.

Tax Rate

The percentage at which an individual or corporation is taxed by the government on income, property, or sales.

  • Calculate tax obligations and rates for particular situations and comprehend the progressive nature of tax structures.
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Sharmila ShresthaJun 20, 2024
Final Answer :
 Taxpayer  Income  Tax Amount  Average Tax Rate  John $52,700$11,111.2521% Todd $132,500$35,064.7526% Glen $237,000$71,949.7530% Jake $315,250$100,372.9032%\begin{array} { | l | l | l | l | } \hline \text { Taxpayer } & \text { Income } & \text { Tax Amount } & \text { Average Tax Rate } \\\hline \text { John } & \$ 52,700 & \$ 11,111.25 & 21 \% \\\hline \text { Todd } & \$ 132,500 & \$ 35,064.75 & 26 \% \\\hline \text { Glen } & \$ 237,000 & \$ 71,949.75 & 30 \% \\\hline \text { Jake } & \$ 315,250 & \$ 100,372.90 & 32 \% \\\hline\end{array} Taxpayer  John  Todd  Glen  Jake  Income $52,700$132,500$237,000$315,250 Tax Amount $11,111.25$35,064.75$71,949.75$100,372.90 Average Tax Rate 21%26%30%32%