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please help!! Taxable income Rate $0-$9,525 10.0% $9,526 - $38,700 12.0% 22.0% $38,701 - $82,500 $82,501 - $157,500 $157,501 - $200,000 $200,001 - $500,000 24.0%
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Taxable income Rate $0-$9,525 10.0% $9,526 - $38,700 12.0% 22.0% $38,701 - $82,500 $82,501 - $157,500 $157,501 - $200,000 $200,001 - $500,000 24.0% 32.0% 35,0% $500,001 or more 37% Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario. Valerie's Tax Scenario Valerie is a young professional with taxable income of $163,500 as an advertising account executive. Valerie's Tax Scenario Valerie is a young professional with taxable income of $163,500 as an advertising account executive. What Is Valerie's total tax liability? $ (Note: Round your answer to the nearest cent, if necessary.) What is Valerie's top marginal tax rate? What is Valerie's average tax rate Step by Step Solution
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