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2. Calculating tax liabilities Calculating Taxable Income Rate Taxable income $1 - $9,075 $9,076 - $36,900 $35,901 - $89,350 589,351 - $186,350 186,351 - 5405,100

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2. Calculating tax liabilities Calculating Taxable Income Rate Taxable income $1 - $9,075 $9,076 - $36,900 $35,901 - $89,350 589,351 - $186,350 186,351 - 5405,100 $405,101 - $406,750 Over $406,751 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 39.6% Using the previous tax table, compute the tan ability for each individu 80dition, use the dropdown lists to identify the marginal tax rate and a Lisa's Tax Scenario Lisa is a young professional who lives in downtown Denver. She has taxable income of $96,235 as an advertising account executive for Pirtucon Co. at is Lisa's tax liability? is Lisa's top marginal tax rate? 28.00% is Lisa's average tax rate? Andy's Tax Scenario Andy is a young professional who lives in downtown New York City. He has taxable income of $60,000 as a medical sales rep for Globo Chem Co. What is Andy's tax liability? S What is Andy's top marginal tax rate? What is Andy's average tax rate? Grade It Now Save & Continue

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