Latesha, a single taxpayer, had the following income and deductions for the tax year 2015: a. Compute

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Latesha, a single taxpayer, had the following income and deductions for the tax year 2015:
Latesha, a single taxpayer, had the following income and deductions

a. Compute Latesha€™s taxable income and federal tax liability for 2015 (round to dollars).
b. Compute Latesha€™s marginal, average, and effective tax rates.
c. For tax planning purposes, which of the three rates in Part b is the most important?

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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