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an individuals gross income is $86,375, they take the standard deduction if $12,000. If they claim bo additional deductions/credits and paid $12,302 in federal income
an individuals gross income is $86,375, they take the standard deduction if $12,000. If they claim bo additional deductions/credits and paid $12,302 in federal income taxes, (1) what was their taxable income, and (2) what was their average tax rate?
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Financial Accounting A Global Perspective
Authors: Robert Libby, Patricia Libby, Daniel G Short
5th Edition
0071107746, 978-0071107747
