Ben Crump and Genae Crump, filing jointly, would pay $12,007 in taxes on $92,250 of taxable income.

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Ben Crump and Genae Crump, filing jointly, would pay $12,007 in taxes on $92,250 of taxable income. If Ben won $6,000 in the lottery, they would pay $13,327 in taxes.

What is the couple's marginal tax rate?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 23, 2024 12:40 AM

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Ben Crump and Genae Crump, filing jointly, would pay $12,007 in taxes on $92,250 of taxable income.

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Expert Answer:

We can calculate the couples marginal tax rate by analyzing the additional tax ... View the full answer

Income Tax Fundamentals 2013

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