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Assume no deductions or adjustments to your taxable income Your taxable income is $240,000 Taxable income Rate $0 - $9.875 at 10% (Hint ($9,875 -
Assume no deductions or adjustments to your taxable income Your taxable income is $240,000 Taxable income Rate $0 - $9.875 at 10% (Hint ($9,875 - $0) x 10% = $987) 9,875 - 40,125 at 12% (Hint: ($40125 - $9,875) x 12% = $3.630) 40,125 - 85,525 at 22% (Hint: ($85,525 - $40,125) x 22% = $9,988) 85,525 - 163,300 at 24% (Hint = $18,666) 163,300-207,350 at 32% (Hint: $14,096) 207,350 -518,400 at 35% (Hint ($240k-$207,350) x 35%= $11 427) What is your average tax rate? (Hint Total tax liability / Taxable income) 10.0% 24.5% 32.0% 35.0% 3.3 QUESTION 2 Cuck Save and submit to save and submit the Sellers sau allant VE a 10
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