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Assume no deductions or adjustments to your taxable income. Your taxable income is $90,000. Taxable Income Rate $0 $9,875 at 10% (Hint: = $988) 9,875
Assume no deductions or adjustments to your taxable income. Your taxable income is $90,000. Taxable Income Rate $0 $9,875 at 10% (Hint: = $988) 9,875 40,125 at 12% (Hint: = $3,630) 40,125 85,525 at 22% (Hint: = $9,988) 85,525 163,300 at 24% What is your tax liability?
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