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Problem 1 - 1 8 ( LO . 2 , 7 ) In 2 0 2 3 , Madden, who is single, has adjusted gross

Problem 1-18(LO.2,7)
In 2023, Madden, who is single, has adjusted gross income of $145,600, uses the standard deduction of $13,850, and has $131,750 of
taxable income. Compute the following for Madden:
"Effective tax rate, using adjusted gross income" AGI: $145,600
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