Ip 2..... 1-2 pages

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following:

• An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filing jointly. 
• An explanation of the marginal tax rate and average tax rates for this tax payer. 

Be clear in our elaboration s that Ms. Dunham, a person with no business or tax background, can understand.

Please submit your assignment.