Joe and Jane Keller are a married couple who file a joint income tax return, where the

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Joe and Jane Keller 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 $165,000.
a. What is their federal tax liability?
b. What is their marginal tax rate?
c. What is their average tax rate?
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Fundamentals of Financial Management

ISBN: 978-1285867977

14th edition

Authors: Eugene F. Brigham, Joel F. Houston

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