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Taxable income $1 $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351-$186,350 $186,351-$405,100 $405,101-$406,750 Over $406,751 Rate 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 39.6% Using the

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Taxable income $1 $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351-$186,350 $186,351-$405,100 $405,101-$406,750 Over $406,751 Rate 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 39.6% Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Lisa and Andy Andy's Tax Scenario Lisa's Tax Scenario Andy is a young professional who lives in downtown New York City. He has taxable income of $63,000 as a medical sales rep for Globo-Chem Co Lisa is a young professional who lives in downtown Denver. She has taxable income of $92,735 as an advertising account executive for Pirtucon Co What is Andy's tax liability? What is Lisa's tax liability? What is Andy's top marginal tax rate? What is Lisa's top marginal tax rate? What is Andy's average tax rate? What is Lisa's average tax rate

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