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Using the below 2018 tax schedule, calculate the Federal income tax for a taxable income of $38,000 Using the below 2018 tax schedule. calculate the

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Using the below 2018 tax schedule, calculate the Federal income tax for a taxable income of $38,000

Using the below 2018 tax schedule. calculate the Federal income tax for a taxable income of $38,000. Federal lnc Tax Schedule Taxable Income 9,525.01 38,700.01 82,500.01 $ 157,500.01 $ 200,000.01 $ 500,000.01 to to to to to to 9,525.00 38,700.00 82,500.00 $ 157,500.00 $ 200,000.00 $ 500,000.00 and above Marginal Rates 2018 10% 12% 22% 24% 32% 35% 37%

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