Question: Tax Drill - Computing Tax Liability Compute the 2 0 2 3 tax liability and the marginal and average tax rates for the following taxpayers.
Tax Drill Computing Tax Liability
Compute the tax liability and the marginal and average tax rates for the following taxpayers.
When required, round the average rates to four decimal places before converting to a percentage ie would be rounded to and entered as
a Chandler, who files as a single taxpayer, has taxable income of $
Tax liability: $
Marginal rate:
Average rate:
b Lazare, who files as a head of household, has taxable income of $
Tax liability: $
Marginal rate:
Average rate:
Click here to access the tax rate schedule. I
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