Married couple filing joint income tax return. Taxable income is 375,000.  Tax rates are based off the following taxable income $233,350-$416,700. Amt paid on the bracket $52,222.50. Marginal rate is 33.0% Avg. tax rate at the top of the bracket 27.1% i need to know the federal tax liability, and their average tax rate and I need to see how you work the problem. Thx,

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Married couple filing joint income tax return. Taxable income is 375,000.  Tax rates are based off the following taxable income $233,350-$416,700. Amt paid on the bracket $52,222.50. Marginal rate is 33.0%

Avg. tax rate at the top of the bracket 27.1%

i need to know the federal tax liability, and their average tax rate and I need to see how you work the problem. Thx,

 

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