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The following is a partial 2017 personal income tax schedule for a single filer Beginning EndingBracket Marginal Amount Amunt Amount Tax Rate S1 $8,700 $35,350
The following is a partial 2017 personal income tax schedule for a single filer Beginning EndingBracket Marginal Amount Amunt Amount Tax Rate S1 $8,700 $35,350 $85,650 $50,500 25% $8,700 $35,350 $8,700 $26,650 10% 15% 6.) Compute the tax bill for a taxable income of $40,000. 7.) Assuming a taxable income of $40,000, what is the marginal tax rate? 8.) Assuming a taxable income of $40,000, what is the average tax rate paid
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