Jack & Mary Jones of $500,000 but their taxable income is $425,000. What is their Filing Staus for 2018? What is their Marginal Tax Rate for 2018? What is their Tax Liability for 2018? What is their Average Tax Rate What is their effective Tax Rate of taxable income? If they discover they have an additional tax deduction of $40,000 what is their new Marginal Tax Rate? What is their Tax Savings at the New Rate?

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