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Marci Has Taxable Income of $50,000

Question 177

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Marci has taxable income of $50,000.She is single and her tax rates are 10% on the first $9,075 of taxable income,15% of the amount over $9,075 up to $36,900 of taxable income,and 25% on the remainder.What is Marci's tax liability,her marginal tax rate,and her average tax rate? (Show all work.)

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Tax liability = (0.10 × $9,075)+ [0.15 ×...

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