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show all step Ed and Jane Rochester are married with a 2-year-old child, who lives with them and whom they support financially. In 2020, Ed

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Ed and Jane Rochester are married with a 2-year-old child, who lives with them and whom they support financially. In 2020, Ed and Jane realized the following items of income: Ed's salary $30,000 Jane's salary $70,000 Municipal bond interest income $400 Jane and Ed incurred $12,750 of itemized deductions in 2020. Their employer withheld $5,800 in federal income taxes from their paychecks (in aggregate). Finally, Ed and Jane's 2-year-old child qualifies for the $2,000 child tax credit. Compute Jane and Ed's tax due or (refund) for 2020. Show all your work to receive credit. What is Jane and Ed's 2020 marginal tax rate

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