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Solve the problem. Refer to the table if necessary. 2017 Marginal Tax Rates, Standard Deductions, and Exemptions* Tax Rate 10% 15% 25% 28% 33% 35%
Solve the problem. Refer to the table if necessary. 2017 Marginal Tax Rates, Standard Deductions, and Exemptions* Tax Rate 10% 15% 25% 28% 33% 35% 39.6% TAKE THE Standard deduction Exemption (per person) Single up to $9325 up to $37,950 up to $91,900 up to $191,650 up to $416,700 up to $418,400 above $418,400 $6350 $4050 Select one: Married Filing Jointly up to $18,650 up to $75,900 up to $153,100 up to $233,350 up to $416,700 up to $470,700 above $470,700 $12,700 O A. $4203 DB. $9592 O C. $5331 OD. $5304 www $4050 RECENTRAL Married Filing Separately up to $9325 up to $37,950 up to $76,550 up to $116,675 up to $208,350 up to $235,350 above $235,350 $6350 $4050 Head of Household up to $13,350 up to $50,800 up to $131,200 up to $212,500 up to $416,700 up to $444,550 above $444,550 $9350 A ne This table ignores (1) exemption and deduction phase-outs that apply to high-income taxpayers, (i) the alterna- tive minimum tax (AMT) that affects many middle- and high-income taxpayers, (ii) potential changes in tax law m
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