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Taxable income Rate $ 0 $ 1 1 , 0 0 0 1 0 . 0 % $ 1 1 , 0 0 1 $
Taxable income
Rate
$ $
$ $
$ $
$ $
$ $
$ $
$ or more
Using the previous tax table, compute the tax liability for the individual in the scenario 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 the individual in the scenario.
Yakovs Tax Scenario
Yakov is a young professional with taxable income of $ as an advertising account executive.
What is Yakovs total tax liability?
$
Note: Round your answer to the nearest cent, if necessary.
What is Yakovs top marginal tax rate?
What is Yakov's average tax rate?
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