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10. If you have taxable income of 220,000, use the following table to calculate the AVERAGE tax and the marginal tax. AVERAGE Tx = Marginal

10. If you have taxable income of 220,000, use the following table to calculate the AVERAGE tax and the marginal tax. AVERAGE Tx = Marginal Tax = 0-85 K >85-125k >125 160K >160K = Tax of 15% = 20% = 25% = 32%

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