Use the marginal tax rates in the table below to compute the tax owed in the following

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Use the marginal tax rates in the table below to compute the tax owed in the following situation.

Marco is marriedfilingseparately with a taxable income of $67,700.

Tax Rate

MarriedFiling

Separately

10%

up to$9325

15%

up to$37,950

25%

up to $76,550

28%

up to $116,675

33%

up to $208,350

35%

up to $235,350

39.6%

above $235,350

Standard deduction

$6350

Exemption

(per person)

$4050

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0078034633

10th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

See More Books

Posted Date: Feb 23, 2024 09:02 PM

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Use the marginal tax rates in the table below to compute the tax owed in the following

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Fundamentals of corporate finance

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