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Vetermne the tax liability, margnal tax rate, and average tax rate in each of the...

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Accounting

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Vetermne the tax liability, margnal tax rate, and average tax rate in each of the tollowing ca:
Use the tax tables and tax rate schedules to determine tax liability.
Required:
a. Single taxpayer, taxable income of $30,916.
b. Single taxpayer, taxable income of $97,463.
Note: For all requirements, round "Average tax rate" to 2 decimal places.
\table[[,Tax liability,Marginal tax rate,Average tax rate],[a.,12,%,11.28,%
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