Question
Johanna Constanine is a single individual. She has legitimate itemized deductions totaling $56,700. Her total income from wages is $265,000. Assume the following tax table
Johanna Constanine is a single individual. She has legitimate itemized deductions totaling $56,700. Her total income from wages is $265,000. Assume the following tax table is applicable:
a. What is her marginal tax rate?
b. What is her federal tax liability?
c. What is her average tax rate?
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
