Based on the amounts of taxable income below, compute thefederal income tax payable in...

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Accounting

Based on the amounts of taxable income below, compute thefederal income tax payable in 2018 on each amount assuming thetaxpayers are married filing a joint return. Also, for each amountof taxable income, compute the average tax rate and the marginaltax rate.
a. Taxable income of $30,000
b. Taxable income of $100,000
c. Taxable income of $375,000
d. Taxable income of $700,000

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In: AccountingBased on the amounts of taxable income below, compute thefederal income tax payable in 2018...Based on the amounts of taxable income below, compute thefederal income tax payable in 2018 on each amount assuming thetaxpayers are married filing a joint return. Also, for each amountof taxable income, compute the average tax rate and the marginaltax rate.a. Taxable income of $30,000b. Taxable income of $100,000c. Taxable income of $375,000d. Taxable income of $700,000