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Marginal tax rates Partner A , a single taxpayer, is one of two partners in a small business. As such, she receives pass - through
Marginal tax rates Partner A a single taxpayer, is one of two partners in a small business. As such, she receives passthrough income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i perform the following:
a Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $;$;$;$;$; $; and $ million.
b Plot the marginal tax rates measured on the axis against the pretax income levels measured on the axis Explain the relationship between these variablss?
a The marginal tax rate for earnings before taxes of $ is Round to the nearest integer.
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Tax Rate Single Taxpayers
Tax calculation
tableRange of taxable income,Base tax,Marginal rate amount over base bracket$ to$$ amount over,$
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