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Calculate the federal taxes payable using the following information: Taxable Income: $66,000 Tax rates:15% on first $31,677; 22% on next $31,677; 26% over $63,355; Tax

Calculate the federal taxes payable using the following information: Taxable Income: $66,000 Tax rates:15% on first $31,677; 22% on next $31,677; 26% over $63,355; Tax credits: $1535

Please show formula and full solutions! Thanks

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