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Complete the following tables assuming a total income of $40,000, personal exemption: 4050, standard deduction : 6350 Tax Brackets (for Taxable Income ) lower upper

  1. Complete the following tables assuming a total income of $40,000, personal exemption: 4050, standard deduction : 6350

Tax Brackets (for Taxable Income)

lower upper rate money in bracket tax per bracket

$0 $20,000 15%

$20,000 No limit 22%

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