USA: +1 (725) 712-1730 
Sign in
Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $442,000. Round your answers to two decimal places.
Expert Answer
As Susan and Stan Britton filling joint income tax return in 2017, so;
(i) Federal tax liability = $112728 + ($25300 * 35 / 100) = $121583
Note: As per given tax slab $112728 is base tax for this taxable income and for excess amount tax will be levied at
the rate of 35% (442000 – 416700) = $ 25300 * 35 / 100 = $8855, Thus total tax liability = ($112728 + $8855)
$121583
(ii) Marginal tax rate = For Susan and Stan Britton Rate of marginal tax will be 35%
(iii) Average tax rate = For Susan and Stan Britton, Average tax rate will be $121583 *100 / $442000 = 27.51 %
