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QUESTION 1 A married filing joint taxpayer has $300,000 in regular taxable income in 2021. Use the tax tables in appendix or in the
QUESTION 1 A married filing joint taxpayer has $300,000 in regular taxable income in 2021. Use the tax tables in appendix or in the course materials tab in Blackboard to calculate the amount of tax due: (To use the tax table, first choose the confect table based on filing status. Then find the row in which the income falls and follow the directions. The table provides the tax on the amount at the start of the bracket. Anything over that income level is multiplied by the rate of that bracket. Don't forget to add the tax on the amount up to that bracket to the amount of tax at that bracket level.)
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