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Campbell, a single taxpayer, earns $420,000 in taxable income and $3,000 in interest from an investment in State of New York bonds. (Use the U.S.

Campbell, a single taxpayer, earns $420,000 in taxable income and $3,000 in interest from an investment in State of New York bonds. (Use the U.S. tax rate schedule.)

Required:

How much federal tax will she owe?

What is her average tax rate?

What is her effective tax rate?

What is her current marginal tax rate?

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