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Correct, with a taxable income of $14,314 and filing as Single, Jamie Lee's marginal tax rate is 12%. Does this mean that all of her

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Correct, with a taxable income of $14,314 and filing as Single, Jamie Lee's marginal tax rate is 12%. Does this mean that all of her income is taxed at 12%? Yes Reader Check the marginal tax rate table again - what rate is her income up to $9,525 taxed at? Does this mean that all of her income is taxed Hill Find M rate is hier income up to 99,520 laxeu ai! Rate Does this mean that all of her income is taxed at 12%? Sti Dec No Reader Correct, this is commonly misunderstood. If you look at the different marginal tax rates, you will notice that incoine earned at lower tax brackets is taxed at lower rates. 3 3 How much income tax would Jamie pay? (Round to the nearest dollar.)

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