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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 53
Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the Form 1040EZ Tax Tables to determine tax liability.
a. Single taxpayer, taxable income of $20,143.
b. Single taxpayer, taxable income of $39,510.
a. Single taxpayer, taxable income of $20,143.
b. Single taxpayer, taxable income of $39,510.
Explanation
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Income tax:
Income tax is the part of t...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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