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PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the
PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $288,000. Round your answers to two decimal places. a. What is their federal tax liability? $ b. What is their marginal tax rate? % c. What is their average tax rate? %
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