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Susan and Stan Britton are a married couple who file a joint income tax return where the tax rates are based on the tax tables presented in the chapter Assume that their taxable income this year was

Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax tables presented in the chapter. Assume that their taxable income this year was $375,000.

 

a. What is their federal tax liability?

b. What is their marginal tax rate?

c. What is their average tax rate?

Apr 24 2021 View more View Less

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