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Return to question 2 Problem 15-04 (Static) (LO 15-2] 1.33 points Mr. and Mrs. Brock own a bakery. Their marginal tax rate on the bakery's
Return to question 2 Problem 15-04 (Static) (LO 15-2] 1.33 points Mr. and Mrs. Brock own a bakery. Their marginal tax rate on the bakery's income is 32 percent. The Brocks' 18-year-old daughter Megan works part-time in the bakery. This year, Megan earned $15,284 of wages, which was her only income. In making your calculations, ignore the employer payroll tax. Use Individual Tax Rate Schedules and Standard Deduction Table. Required: a. Compute Megan's income tax this year. b. Compute the Brock family's income tax savings from Megan's employment. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute Megan's income tax this year. (Round your final answer to the nearest whole dollar amount.)
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