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Assume that married taxpayers filing jointly have a taxable income of $175,000 in 2020. Using the tax rate schedule found in your materials, rounded to

Assume that married taxpayers filing jointly have a taxable income of $175,000 in 2020. Using the tax rate schedule found in your materials, rounded to the nearest dollar, what is the amount of federal income tax?

A)

$30,159

B)

$42,000

C)

$37,317

D)

$64,750

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