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Calculate the total tax (FICA and income taxes) owed by each individual in the following pairs. Compare their overall tax rates. Assume that the individuals

Calculate the total tax (FICA and income taxes) owed by each individual in the following pairs. Compare their overall tax rates. Assume that the individuals are single and take the standard deduction. Use the tax rates above and the (4 points) special rates for dividends and capital gains. Pierre earned $120,000 in wages, Katrina earned $120,000, all from dividends and long-term capital gains

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