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Jamie Has Taxable Income of $45,000

Question 81

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Jamie has taxable income of $45,000.She is single,and her tax rate is 10% on the first $9,225 of the taxable income,15% on the amount over $9,225 up to $37,450 of the taxable income,and 25% on the remainder.What are Jamie's tax liability,marginal tax rate,and average tax rate? (Show all work.)

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Tax liability = 10% × $9,225 + 15% × ($3...

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