Mr.and Mrs.Maxwell and their two children (Alicia and Percy)are the four equal partners in MAP Partnership.This year,MAP generated $52,000 ordinary income.Compute the tax cost for the business if Mr.and Mrs.Maxwell's marginal rate is 37 percent,Alicia's marginal rate is 24 percent,and Percy's marginal rate is 12 percent.(Ignore SE tax consequences.)

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The Answer of Mr.and Mrs.Maxwell and their two children (Alicia and Percy)are the four equal partners in MAP Partnership.This year,MAP generated $52,000 ordinary income.Compute the tax cost for the business if Mr.and Mrs.Maxwell's marginal rate is 37 percent,Alicia's marginal rate is 24 percent,and Percy's marginal rate is 12 percent.(Ignore SE tax consequences.)

MrAnd MrsMaxwell and Their Two Children (Alicia and Percy)are the Four