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Marc, a single taxpayer, earns $37,500 in taxable income and $1,150 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax

Marc, a single taxpayer, earns $37,500 in taxable income and $1,150 in interest from an investment in city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2017, how much federal tax will he owe? (Tax rate schedules)

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$6,795.00

$5,158.75

$3,672.50

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