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Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $40,000, and Petra has W-2 income of $42,915.
Havel and Petra are married and will file a joint tax return. Havel has W-2 income of $40,000, and Petra has W-2 income of $42,915. Use the appropriate Tax Tables and Tax Rate Schedules. Required: What is their tax liability using the Tax Tables? What is their tax liability using the Tax Rate Schedule? (Round your intermediate computations and final answer to 2 decimal places.)
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