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Brandon, an unmarried individual, has $ 1 9 5 , 5 0 0 taxable income. Assume the taxable year is 2 0 2 3 .
Brandon, an unmarried individual, has $ taxable income. Assume the taxable year is Use Individual Tax Rate Schedules.
Required:
a Identify Brandon's statutory marginal rate and compute average tax rate assuming Brandon is a single taxpayer.
b Identify Brandon's statutory marginal rate and compute average tax rate assuming Brandon is a head of household.
c Identify Brandon's statutory marginal rate and compute average tax rate assuming Brandon is a surviving spouse.
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Identify Brandon's statutory marginal rate and compute average tax rate assuming Brandon is a single taxpayer.
Note: Do not round intermediate calculation. Round your "Average rate" answer to decimal places for example XXXXIndividual Tax Rate Schedules
Married Filing Jointly and Surviving Spouse
If taxable income is The tax is
Not over $ of taxable income
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ $ of excess over $
Married Filing Separately
If taxable income is The tax is
Not over $ of taxable income
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ $ of excess over $
Head of Household
If taxable income is The tax is
Not over $ of taxable income
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ $ of excess over $
Single
If taxable income is The tax is
Not over $ of taxable income
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ but not over $ $ of excess over $
Over $ $ of excess over $
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