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please give accurate answer and comolee for tax table i attach two pictures maybe the one is blur so thts why Susan and Stan Britton
please give accurate answer and comolee for tax table i attach two pictures maybe the one is blur so thts why
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 $296,000. Do not round intermediate calculation. a. What is their federal tax liability? Round your answer to the nearest dollar. b. What is their marginal tax rate? Round your answer to the nearest whole number. c. What is their average tax rate? Round your answer to two decimal places. brackets approaches 37% as taxable income nises without limt. 3. In 2018 , the personal exemption for the taxpayer and dependents was elimuated. With the dectuction firnitation on state and ipcal property, income, and sales taxes and the existence of payroll taxes (Social Security and Medicare taxes), the 2020 effective tax rate will be higher than 37 Wh. brackets approaches 974 as raxable income nises without limit: 3. In 2018, the personal exemption for the taxpayer and dependents was eliminated. With the deductwon limitation on atate and local property, income, and sales taxes and the existence of payroll taxes ifocial Security and Medicare taxerl, the 2020 effective tax rate will be higher than 370Step by Step Solution
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