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Q9) Assume that you currently work in the RST industry and earned $91,000 in taxable income in 2019 as a single. Refer to the tax
Q9) Assume that you currently work in the RST industry and earned $91,000 in taxable income in 2019 as a single. Refer to the tax table shown below (Table 1) for the following questions. Table 1. Tax Brackets and Rates, 2019 Rate For Unmarried Individuals, Taxable Income Over For Married Individuals Filing Joint Returns, Taxable income Over 10% SO $0 $9,700 $19,400 $39,475 $78,950 22 24% $84,200 $168, 400 $160, 725 $321,450 32% 35% $284,100 $408,200 37% $510,300 $612,350 a. What is your marginal and effective tax rate? b. If you expect to have a tax deduction of $11,000 due to your student loan interests and medical expenses, what is your effective tax rate? c. If you expect to have a tax credit of $11,000 due to your higher education expenses (e.g., tuition and books), what is the total tax that you owe
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