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a . Determine the person ' s taxable income. Assume the standard deduction. Tashay is single, with an adjusted gross income of $ 1 1
a Determine the persons taxable income. Assume the standard deduction. Tashay is single, with an adjusted gross income of $ Use the given tax table to complete parts a through d Tashay is single, with an adjusted gross income of $ Use the given tax table to complete parts a through d
a Determine the person's taxable income. Assume the standard deduction.
The taxable income is $
Simplify your answer.
b Compute the tax owed.
The tax owed is $
Round to the nearest dollar as needed.
c State the person's marginal tax rate tax bracket; then calculate the effective tax rate as a percentage of taxable income.
Tashay is in the
The taxable income is $
Simplify your answer.
Part
b Compute the tax owed.
The tax owed is $
enter your response here.
Round to the nearest dollar as needed.
Part
c State the persons marginal tax ratetax bracket; then calculate the effective tax rate as a percentage of taxable income.
Tashay is in the
tax bracket.
Part
The effective tax rate based on taxable income is
enter your response here
Round to one decimal place as needed.
Part
d Calculate the effective tax rate as a percentage of adjusted gross income, and comment on why it differs from what you found in partc
The effective tax rate based on adjusted gross income is
enter your response here
Round to one decimal place as needed.
Part
The tax rate based on the adjusted gross income is
lower
than the tax rate based on the taxable income because the adjusted gross income is
larger
than the taxable income.
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