In reviewing the tax rate schedule for married filing jointly, Jorge and Anita note that the tax
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In reviewing the tax rate schedule for married filing jointly, Jorge and Anita note that the tax on $150,000 is $28,925 plus 28 percent of the taxable income over $148,850. What does the $28,925 represent?
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The 28925 represents the tax on the income bracket below 150000 for married couples filing jointly I...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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