Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing o calculate her axes owed or the year. Using the tax rate schedule grven here perform he ollowing: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $13,600; S60,000: $89,900; $150,000; $248,000; $454,000; and $1.4 million.
b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis). Explain the relationship between these variables (Round to the nearest integer.)
a. The marginal tax rate for eamings before taxes of $13,600 is .
b. The total taxes due for earnings before taxes of $13,600 is $ . (Round to the nearest dollar.)
c. The marginal tax rate for eamings before taxes of $60,000 is Round to the nearest integer.)
d. The total taxes due for earnings before taxes of $60,000 is.
e. The marginal tax rate for earnings before taxes of $89,900 is
f. The total taxes due for earnings before taxes of $89,900 is $.
g. The marginal tax rate for earnings before taxes of $150,000 is.