The Lees, a family of two adults and two dependent children under age 16, had a gross
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The Lees, a family of two adults and two dependent children under age 16, had a gross annual income of $68,000 for 2017. Determine their standard deduction, exemption, and child tax credit amounts, as well as their marginal and average tax rates, assuming their filing status is married filing jointly.
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The Lees marginal tax bracket is 15 percent as shown in Table 41 2017 6800000 ...View the full answer
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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