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Joe and Linda are a married couple with annual taxable income of $145,000. They pay personal income tax using the following tax rates. Taxable income......
Joe and Linda are a married couple with annual taxable income of $145,000. They pay personal income tax using the following tax rates. Taxable income...... $0-$43,850... $43,850-$105,950... $105,950-$161,450. Tax Rate 15% ??% ..31% If the total personal income tax they pay is $34,208, calculate the tax rate for the second tax bracket. 24% 25% 26% 27% 28%
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