Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in
Question:
Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in each of the following cases. Use the tax tables to determine tax liability.
a. Married taxpayers, taxable income of $89,889.
b. Married taxpayers, taxable income of $61,229.
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a Liability 11490 marginal 22 average 1278 b Liability 695...View the full answer
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Related Book For
Fundamentals Of Taxation 2020 Edition
ISBN: 9781260483147
13th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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