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Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table
Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $199,000. Round your answers to two decimal places.
a. What is their federal tax liability?
b. What is their marginal tax rate?
c. What is their average tax rate?
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