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Assuming taxable income of $62,500 a year filing single status, apply the marginal tax rate inFigure 9.7. (Assume a filing status of single.) a. What

Assuming taxable income of $62,500 a year filing single status, apply the marginal tax rate inFigure 9.7.(Assume a filing status of single.)

a.What is your marginal tax rate?

b.What is your average tax rate?(Round your answer to 2 decimal places.)

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