Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in
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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. Single taxpayer, taxable income of $33,862.
b. Single taxpayer, taxable income of $83,877.
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a Liability 3875 marginal 12 average 1144 b Liability 1442...View the full answer
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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