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Stephanie has a taxable income of $48,200 and a tax liability of $7,913. If Stephanie's...

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Accounting

Stephanie has a taxable income of $48,200 and a tax liability of $7,913. If Stephanie's income increases by $4,000, her tax liability will be $8,913.

a. What is her average tax rate on the $48,200 of income?

b. What is her marginal tax rate?

Do not copy from Chegg.

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