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You are the tax accountant for a couple that earned a total of $ 2 5 0 , 0 0 0 in the past year.

You are the tax accountant for a couple that earned a total of $250,000 in the past year. They have $15,000 in exclusions, $36,000 in itemized deductions. The standard deduction is $24,000. There are no long term-capital gains, dividends or interest income from municipal bonds. Given the following tax table, what tax bracket are they in?
Taxable Income Tax Rate
first $10,00010%
next $40,00015%
next $60,00020%
next $90,00025%
next $100,00030%
Everything else 35%
Group of answer choices
20%
25%
30%
35%

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