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Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in 2015 on each amount assuming the taxpayers are
Tax Rates. Based on the amounts of taxable income below, compute the federal income
tax payable in 2015 on each amount assuming the taxpayers are married filing a joint
return. Also, for each amount of taxable income, compute the average tax rate and the
marginal tax rate.
Taxable income of $30,000.
. Taxable income of $100,000.
. Taxable income of $375,000.
. Taxable income of $600,000.
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