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Your gross income is $138 thousand, your taxable income is $116 thousand, and the federal tax brackets are as follows: 0-9k: 10% 9-37k: 15% 37-89k:
Your gross income is $138 thousand, your taxable income is $116 thousand, and the federal tax brackets are as follows: 0-9k: 10% 9-37k: 15% 37-89k: 25% 89-186k: 28% 186-405k: 33% 405k-407k: 35% 407k+: 39.6% What would be the dollar amount of your total federal tax liability?
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