Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in

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Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in 2022 on each amount assuming the taxpayers are married filing a joint return. Also, for each amount of taxable income, compute the average tax rate and the marginal tax rate.
a. Taxable income of $30,000.
b. Taxable income of $100,000.
c. Taxable income of $375,000.
d. Taxable income of $700,000.

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Pearsons Federal Taxation 2023 Comprehensive

ISBN: 9780137840656

36th Edition

Authors: Timothy J. Rupert, Kenneth E. Anderson, David S Hulse

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