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$ 2 0 6 , 0 0 0 in taxable income. Using the rates from Table 2 . 3 in the chapter, calculate his income
$ in taxable income. Using the rates from Table in the chapter, calculate his income taxes.
What is the average tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
What is the marginal tax rate?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to the nearest whole number, eg
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