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Ms . Busch has gathered these data about her finances: Salary 1 4 0 , 0 0 0 Taxable interest received 2 , 5 0
Ms Busch has gathered these data about her finances: Salary Taxable interest received Municipal bond interest received Total itemized deductions The personal exemption is $ The standard deduction for a single filer is $ Use the rate schedule in Figure to compute the following: a Her tax b Her average effective tax rate c Her average tax rate d Her marginal tax rate e Her accountant discovers a previously omitted personal deduction of $ By how much does her federal tax liability fall with that addition? f Amazingly enough, the accountant now discovers a $ credit omitted from previous calculations but after discovering the $ in part e By how much does her federal tax liability fall because of this credit?
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