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After deductions and credit, Sally has 175,000 in taxable income. Using Table 2.3 (individual tax rate - single), calculate the federal income taxes owed by
After deductions and credit, Sally has 175,000 in taxable income. Using Table 2.3 (individual tax rate - single), calculate the federal income taxes owed by Sally. Round to the nearest dollar.
TABLE 2.3 Personal Tax Rates for 2019 (Unmarried Individuals) Tax Rate 10% 12 22 Taxable income 0-9,700 9,700-39,475 39,475-84,200 84,200-160,725 160,725-204,100 204,100-510,300 510,300+ 24 32 35 37Step by Step Solution
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