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Campbell, a single taxpayer, earns $ 4 0 0 , 0 0 0 in taxable income and $ 2 , 0 0 0 in interest
Campbell, a single taxpayer, earns $ in taxable income and $ in interest from an investment in State of New York bonds. Use the US tax rate schedule.
Required:
a How much federal tax will she owe?
b What is her average tax rate?
c What is her effective tax rate?
d What is her current marginal tax rate?
Complete this question by entering your answers in the tabs below.
How much federal tax will she owe?
Note: Do not round intermediate calculations. Round "Federal tax" to the nearest dollar.
Federal tax
Tax Rate Schedules
Individuals
Schedule XSingle
tableIf taxable income is over:,But not over:,The tax is:$$ of taxable income$$$ plus of the excess over $
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