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Jamie Has Taxable Income of $45,000

Question 181

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Jamie has taxable income of $45,000.She is single and her tax rates are 10% on the first $7,000 of taxable income,15% of the amount over $7,000 up to $28,400 of taxable income and 25% on the remainder.What is Jamie's tax liability,her marginal tax rate,and her average tax rate? (Show all work. )

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Tax liability = .10 ($7,300)+ ...

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