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Bill and mercedes jave 160,000 of taxable income and an additional 10,000 of nontaxable income. Using the 2020 married filinf jointly tax rates, what is
Bill and mercedes jave 160,000 of taxable income and an additional 10,000 of nontaxable income. Using the 2020 married filinf jointly tax rates, what is their tax due, average tax rate and effective tax rate? if they receive an additional 80,000 of taxable income what is their marginal tax rate on this income?
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