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O 24% In the current year, Mary, who is single, has gross income of $200,000 (no exclusions) and taxable income of $100,000. She is
O 24% In the current year, Mary, who is single, has gross income of $200,000 (no exclusions) and taxable income of $100,000. She is in the 24% tax bracket and her total tax liability is $18,000. What is Mary's effective tax rate for the year? 18% 12% 9%
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