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Country A levies an individual income tax with the following rate structure: Percentage Rate 10% 15 25 3e Bracket Income from -- to $20, eee

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Country A levies an individual income tax with the following rate structure: Percentage Rate 10% 15 25 3e Bracket Income from -- to $20, eee Income from $20, ee1 to $75, eee Income from $75,001 to $160,000 Income in excess of $160, eee Required: a. Mr. Levi's taxable income is $60,400. Compute his tax and average tax rate. What is Mr. Levi's marginal tax rate? b. Ms. Jinn's taxable income is $320,400. Compute her tax and average tax rate. What is Ms. Jinn's marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Mr. Levi's taxable income is $60,400. Compute his tax and average tax rate. What is Mr. Levi's marginal tax rate? (Round your percentage answers to 2 decimal places and other answer to the nearest dollar amount.) Mr. Levi Income tax Average tax rate %% Marginal tax rate % (Required A Required B > Country A levies an individual income tax with the following rate structure: Percentage Rate 18% 15 25 30 Bracket Income from -- to $20,000 Income from $20, ee1 to $75,000 Income from $75, ee1 to $160, eee Income in excess of $160,000 Required: a. Mr. Levi's taxable income is $60,400. Compute his tax and average tax rate. What is Mr. Levi's marginal tax rate? b. Ms. Jinn's taxable income is $320,400. Compute her tax and average tax rate. What is Ms.Jinn's marginal tax rate? Complete this question by entering your answers in the tabs below. Required A Required B Ms. Jinn's taxable income is $320,400. Compute her tax and average tax rate. What is Ms.Jinn's marginal tax rate? (Round your percentage answers to 2 decimal places and other answer to the nearest dollar amount.) Ms.Jinn Income tax Average tax rate Marginal tax rate % %

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