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Assuming that the following tax rate schedule applies, what is your tax liability given ordinary taxable income of $87,400? 10% ($0-$9,875) .12% ($9,875-$40,125) 22%

 




Assuming that the following tax rate schedule applies, what is your tax liability given ordinary taxable income of $87,400? 10% ($0-$9,875) .12% ($9,875-$40,125) 22% ($40,125-$85,525) .24% ($85,525-$163,300) 32% ($163,300-$207,350 .35% ($207,350-$518,400) .37% (over $518,400)

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