Question

Figure out how much income tax each of the following individuals owes. The marginal tax rates are structured as follows:
– Income up to $42,350 is taxed at 15 percent.
– Income earned between $42,350 and $61,400 is taxed at 28 percent.
– Income between $61,401 and $128,100 is taxed at 31 percent.
The different rates apply to different portions of one’s income.


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  • CreatedMay 23, 2015
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