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N4 The following table gives the federal income tax rates for a single individual. Income Rate $0 to $8,925 10% $8,925 to $36,250 15% $36,250
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The following table gives the federal income tax rates for a single individual. Income Rate $0 to $8,925 10% $8,925 to $36,250 15% $36,250 to $87,850 25% $8?,850 to $183,250 28% $183,250 to $398,350 33% $398,350 to $400,000 35% $400,000 and above 39.60% The total tax payable for an individual who earns $250,000 a year is $ 66630.75 . (Round your response to two decimal places.) The marginal tax rate is D percent. (Round your response to two decimal places.)Step by Step Solution
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