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Terri Bensen, a married taxpayer who files jointly with her husband, has taxable income for 20X0 of $120,000. Required: 1. Determine Terri's federal income taxes

Terri Bensen, a married taxpayer who files jointly with her husband, has taxable income for

20X0 of $120,000.

Required:

1. Determine Terri's federal income taxes based on the 2014 rates.

2.What are Terri's average and marginal tax rates?

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