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Jerry has $194,000 in taxable income this year. Tax Bottom of Bracket Bracket Top of Bracket 11% $0 $7,800 14% $7,800 $42,800 19% $42,800

 

Jerry has $194,000 in taxable income this year. Tax Bottom of Bracket Bracket Top of Bracket 11% $0 $7,800 14% $7,800 $42,800 19% $42,800 $112,800 26% $112,800 $212,800 32% $212,800 $412,800 39% $412,800 Tax Liability for Bracket $858 $4,900 $13,300 $26,000 $64,000 Calculate his total tax liability for this year.

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