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Marc, a single taxpayer, earns $120,000 in taxable income and $2,800 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax

Marc, a single taxpayer, earns $120,000 in taxable income and $2,800 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, how much federal tax will he owe?

  • $27,150.00

  • $24,189.50

  • $23,089.50

  • $20,403.50
  • None of the choices are correct.

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