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In 2 0 2 4 , Madden, who is single, has adjusted gross income of $ 1 4 6 , 3 5 0 , uses

In 2024, Madden, who is single, has adjusted gross income of $146,350, uses the standard deduction of $14,600, and has $131,750 of taxable income. Compute the following for Madden:
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a. Federal income tax liability (see Appendix A for the 2024 Tax Rate Schedule).
b. Statutory tax rate(s).
c. Marginal tax rate.
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d. Average tax rate.
stion Content Area
e. Effective tax rate, using adjusted gross income.

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