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Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest
Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for both Jen and Jim. Jen is a young professional? Who lives in downtown St. Louis. She has taxable income of $90,235 as an advertising account executive for Fitcom Corporation. Jim is a young professional? Who lives in downtown Chicago. He has taxable income of $60,500 as a medical sales rep for Diusitech Inc. What is Jen's tax liability? What is Jim's tax liability? What is Jen's top marginal tax rate? What is Jim's top marginal tax rate? What is Jen's average tax rate? What is Jim's average tax rate
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