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7. Mariam has recently been promoted, and suspects that he is now in a higher tax bracket. If his new financial data are: Annual Salary

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7. Mariam has recently been promoted, and suspects that he is now in a higher tax bracket. If his new financial data are: Annual Salary Monthly benefits from bank account Annual expenses 400,000 $250 $75,000 Calculate the following: a. Taxable income for the year b. Federal tax for Mariam (use table provided in class notes) c. Net income

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