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Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the Tax Tables and tax rate
Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the Tax Tables and tax rate schedules to compute tax liability. Required: a. Single taxpayer, taxable income of $32,716. b. Single taxpayer, taxable income of $98,263. Note: For all requirements, round "Average tax rate" to 2 decimal places. Tax liability a. b. Marginal tax rate Average tax rate % % % %
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