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Suppose that a family of four has two kids and an income of 100,000 The standard deduction is 25,000 There is a child tax credit

Suppose that a family of four has two kids and an income of 100,000

The standard deduction is 25,000

There is a child tax credit of 3,000 per child.

Income is taxed at the following rates:

0-10,000.....10%

10,001-50,000....15%

50,001+....25%

Figure the family's tax.

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