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10% Country A levies an Individual income tax with the following rate structure: Percentage Rate Bracket Income from -2- to $20,000 15 Income from $20,891
10% Country A levies an Individual income tax with the following rate structure: Percentage Rate Bracket Income from -2- to $20,000 15 Income from $20,891 to $75,000 25 Income from $75, e91 to $160,000 30 Income in excess of $160,000 Required: a. Mr. Levi's taxable income is $50,800. Compute his tax and average tax rate. What is Mr. Levi's marginal tax rate? b. Ms. Jinn's taxable income is $279,600. Compute her tax and average tax rate. What is Ms.Jinn's marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Mr. Levi's taxable income is $50,800. Compute his tax and average tax rate. What is Mr. Levi's marginal tax rate? (Round your percentage answers to 2 decimal places and other answer to the nearest dollar amount.) Mr. Levi Income tax Average tax rate Marginal tax rate % %
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