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Randall is 40 years old, single and has one dependent who is a qualifying child (age 15). Randall's gross income in 2018 is $118,000 which
Randall is 40 years old, single and has one dependent who is a qualifying child (age 15). Randall's gross income in 2018 is $118,000 which excludes $10,000 of municipal bond interest. Calculate Randall's tax liability for 2018 and determine his average, effective and marginal tax rates.
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