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1. Calculate the following taxpayers' tax liabilities i. A single taxpayer had taxable income of $76,500 ii. A Head of household taxpayer had taxable income

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1. Calculate the following taxpayers' tax liabilities i. A single taxpayer had taxable income of $76,500 ii. A Head of household taxpayer had taxable income of $76,500 iii. A married couple (married filing jointly) had taxable income of $76,500 2. George, a single taxpayer, earns $80,000 in taxable income and $6,000 in interest from an investment in city of Normal Bonds. What is his effective tax rate (round to two decimal places)? What is his average tax rate? 3. Jang, a resident of Washington (which imposes a general sales tax), goes to Oregon (which does not impose a general sales tax) to purchase his automobile. Will Jang successfully avoid the Washington sales tax? Explain. 4. Select one of choices (estate tax, inheritance tax, and gift tax) for the blank. a. ( ) is a tax on the right to receive property from a decedent. b. ( is a tax levied on the right to transfer property during a taxpayer's lifetime. c. 1 1 is a tax that imposed on the right to pass property at death. d. 1 ) is imposed on transfers made during the owner's life time. f. ) is imposed on the transferor at death. g. ( ) is imposed on the recipient

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