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Fred and Wilma are a legally married couple. Fred is a building contractor who has $373,480 of taxable income during the year, after claiming the

Fred and Wilma are a legally married couple. Fred is a building contractor who has $373,480 of taxable income during the year, after claiming the proper deductions. Wilma is a full-time doctoral student who had no taxable income during the year. Calculate the tax liability under the following assumptions: a) Fred and Wilma file jointly. b) Fred and Wilma file separately.

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