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Mr. and Mrs. Brock own a bakery. Their marginal tax rate on the bakery's income is 32%. The Brock's 18 year old daughter Megan works
Mr. and Mrs. Brock own a bakery. Their marginal tax rate on the bakery's income is 32%. The Brock's 18 year old daughter Megan works part time in the bakery. This year Megan earned $15,284 of wages which was her only income. a. compute Megan's income tax this year. b. Compute the Brock's family income tax savings from Megan's employment.
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