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Compute the 2021 tax liability and the marginal and average tax rates for the following taxpayers. a. Chandler, who files as a single taxpayer, has
Compute the 2021 tax liability and the marginal and average tax rates for the following taxpayers.
a. Chandler, who files as a single taxpayer, has taxable income of $137,400. Tax liability: Marginal rate: 24 % Average rate: % b. Lazare, who files as a head of household, has taxable income of $60,600. Tax liability: $ Marginal rate: III % Average rate: %Step by Step Solution
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