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 $38,862.

b. Single taxpayer, taxable income of $89,889.

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Fundamentals Of Taxation 2020 Edition

ISBN: 9781260483147

13th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler

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Question Posted: Dec 23, 2019 05:30 AM

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Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in

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a Liability 4471 marginal 12 average 115 b Liability 1574...View the full answer

Fundamentals Of Taxation 2020 Edition

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