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Using the 2018 tax table, determine the income tax owed for a single person who has $129431 of taxable income. You may use a simplified
Using the 2018 tax table, determine the income tax owed for a single person who has $129431 of taxable income. You may use a simplified tax table for calculating the total tax. Marginal Tax Rate On Taxable Income Filing Single 10% First $9,525 12% $9,525 $38,700 22% $38,700 $82,500 24% $82,500 $157,500 32% $157,500 $200,000 35% $200,000 $500,000 37% Over $500,000 Find the marginal tax amount for each of the brackets 10% 12% 22% 24% Total Ta
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