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Assume that Sara (not married, not a dependent) has taxable income of 80,000 which includes 10,000 of long-term capital gains. Sara also had interest from

Assume that Sara (not married, not a dependent) has taxable income of 80,000 which includes 10,000 of long-term capital gains. Sara also had interest from a tax-exempt source of $20,000

a) Sara tax liability is

b) Sara marginal tax rate is

c) Sara average tax rate is

d) Sara effective tax rate is

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