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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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