Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in

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Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in 2019 on each amount assuming the taxpayers are married filing a joint return. Also, for each amount of taxable income, compute the average tax rate and the marginal tax rate.

a. Taxable income of $30,000.

b. Taxable income of $100,000.

c. Taxable income of $375,000.

d. Taxable income of $700,000.

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Related Book For  answer-question

Federal Taxation 2020 Comprehensive

ISBN: 9780135196274

33rd Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S. Hulse

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