Sean Yoo is single and had $213,000 in taxable income. Using the rates from Table...

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Finance

Sean Yoo is single and had $213,000 in taxable income. Using the rates from Table 2.3 in the chapter, calculate his income taxes.
a. What is the average tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
b. What is the marginal tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, e.g.,32.
a. Average tax rate
b. Marginal tax rate
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