Justin Timberlake, a single taxpayer, earns $ 7 6 , 6 0 0 in taxable income and
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Question:
Justin Timberlake, a single taxpayer, earns $ in taxable income and $ in interest from an investment in City of Los Angeles bonds. Use the US tax rate schedule.
Required:
A If Justin earns an additional $ of taxable income, what is his marginal tax rate on this income?
BWhat is his marginal rate if instead, he had $ of additional deductions?
Note: For all requirements, do not round intermediate calculations. Round percentage answers to decimal places.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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