Campbell, a single taxpayer, earns $399,000 in taxable income and $2,500 in interest from an...
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Accounting
Campbell, a single taxpayer, earns $399,000 in taxable income and $2,500 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.) (Do not round intermediate calculations. Round "Federal tax" to 2 decimal places.)
MUST USE 2015 TAX RATE!!!!!!!!!!!!!!!!!!!!!
| 1) How much federal tax will she owe? 2) What is her average tax rate? Total tax____________/Taxable Income_____________ |
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