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A divorced taxpayer ( age 4 0 , with no dependents ) reports gross income of $ 1 5 0 , 0 0 0 .

A divorced taxpayer (age 40, with no dependents) reports gross income of $150,000. Determine the taxpayer's (1) taxable income, (2) tax liability, and (3) marginal tax rate. Provide your calculations for partial credit review.

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