Question: Using Table 3.7, calculate the marginal and average tax rates for a single taxpayer with the following incomes: a. $20,000 b. $50,000 c. $300,000 d.

Using Table 3.7, calculate the marginal and average tax rates for a single taxpayer with the following incomes:

a. $20,000

b. $50,000

c. $300,000

d. $3,000,000

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a Taxes 010 9075 015 200009075 254625 Average tax rate 25462520000 01273 1273 Marginal tax rate 15 b Taxes 010 9075 015 36900 9075 025 50000 36900 835625 Average tax rate 83562550000 01671 1671 Marginal tax rate 25 ... View full answer

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