Consider the following hypothetical income tax brackets for a married couple. Assume for simplicity there are no exemptions or deductions. Income $0-$20,000 $20,000-$50,000 $50,000-$100,000 Over $100,000 Tax Rate 15% 20 40 55 Suppose the couple’s income is $60,000 What is the couple’s marginal tax rato? The couple’s marginal tax rate is 40 percent. (Enter your response as an integer.) What is their average tax rate? The couple’s average tax rate is percent. (Enter your response as a real number rounded to one decimal place.)

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