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Carla earned a salary of $34,500 and received $750 in interest. Calculate the FICA taxes and income taxes to obtain the total tax owed. Then
Carla earned a salary of $34,500 and received $750 in interest. Calculate the FICA taxes and income taxes to obtain the total tax owed. Then find the overall tax rate on the gross income< including both FICA and income taxes. Assume that all individuals are single and take the standard dedcution.
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