Question: Using the tax table in Exhibit 4-7, determine the amount of taxes for the following situations: Tax Rate Schedules If less, use the Tax Table.

Using the tax table in Exhibit 4-7, determine the amount of taxes for the following situations: Tax Rate Schedules If less, use the Tax Table. Even though you cannot use the Tax Rate Schedules below if your taxable income is less than $100,000, all levels of taxable income are shown so taxpayers can see the tax rate that applies to each level

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