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Matt's personal tax rates are shown below. His income last year was $ 1 2 5 , 0 0 0 and the first $ 1

Matt's personal tax rates are shown below. His income last year was $125,000 and the first $16,065 that
he earned is tax-exempt,
A. how much income tax will he pay?
B. Calculate his marginal tax rate.
C. Calculate his average tax rate.
Income Tax rate
First $45,22525.50%
over $45,225 up to $46,60527.50%
over $46,606 up to $93,20833.00%
over $93,209 up to $129,21438.50%
over 129,215 up to $144,48940.50%
over $144,490 up to $205,84243.50%
over $205,84347.50%

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