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Chuck, a single taxpayer, earns $82,000 in taxable income and $17,750 in interest from an investment in City of Heflin bonds. (Use the U.S. tax
Chuck, a single taxpayer, earns $82,000 in taxable income and $17,750 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.)
2019 tax rate
Required:
- If Chuck earns an additional $48,250 of taxable income, what is his marginal tax rate on this income?
- What is his marginal rate if, instead, he had $48,250 of additional deductions?
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Auditing Information Systems
Authors: Mario Piattini
1st Edition
1878289756, 9781878289759
