Required: Determine the tax liability, marginal tax rate, and average tax rate in each of...
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Accounting
Required:
Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the appropriate Tax Tables and Tax Rate Schedules.
accounting
- Single taxpayer, taxable income of $31,652.
- Single taxpayer, taxable income of $82,412.
(For all requirements, use the tax tables to compute tax liability. Round "Average tax rate" to 2 decimal places.)
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