Latesha, a single taxpayer, had the following income and deductions for the tax year 2018: a. Compute

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Latesha, a single taxpayer, had the following income and deductions for the tax year 2018:

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a. Compute Latesha's taxable income and federal tax liability for 2018 (round to dollars).

b. Compute Latesha's marginal, average, and effective tax rates.

c. For tax planning purposes, which of the three rates in Part b is the most important?

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Federal Taxation 2019 Comprehensive

ISBN: 9780134833194

32nd Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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