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Calculating Taxable Income Rate 10.0% 15.0% 25.0% Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101
Calculating Taxable Income Rate 10.0% 15.0% 25.0% Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101 $406,750 Over $406,751 28.0% 33.0% 35.0% 39.6% Ben's Tax Scenario Ben is a young professional who lives in downtown Atlanta. He has taxable income of $62,000 as a medical sales rep for Tull Cybermatic Corp. What is Ben's tax liability? $ What is Ben's top marginal tax rate? What is Ben's average tax rate
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