2 Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes shown. Give all answers to twodecimals.Taxable IncomeTax rate$0-$9,70010%$9,701-$39,47512$39,476-$84,20022$84,201-160,72524$160,726-$204,10032$204,101-$510,30035Over $510,30037 Part 1What would be your federal income tax if your taxable income was $108,000.00? $What is the average tax rate for $108,000.00 in taxable income?%Part 2How much tax would you owe if your income increased by $25,000 to $133,000.00? $What would be your average tax rate with $133,000.00 of taxable income?%

PART 1 INCOME REMAINING TAXABLE INCOME TAX RATE TAX CALCULATION AMOUNT $98,300…

What would be your federal income tax if your taxable income was $108,000.00? $ What is the average tax rate for $108,000.00 in taxable income? % Part 2 How much tax would you owe if your income increased by $25,000 to $133,000.00? $ What would be your average tax rate with $133,000.00 of taxable income? %