Question: Problem 2 - 5 Calculating Taxes [ LO 3 ] Sean Yoo is single and had $ 2 1 5 , 0 0 0 in
Problem Calculating Taxes LO
Sean Yoo is single and had $ in taxable income. Using the rates from: in the chapter, calculate his income taxes.
a What is the average tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
b What is the marginal tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, eg
tablea Average tax rate,vdots,dots...............................b Marginal tax rate,,
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