Based on the amounts of taxable income provided, compute the federal income tax payable in...
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Accounting
Based on the amounts of taxable income provided, compute the federal income tax payable in 2018 on each amount assuming the taxpayers are married filing a joint return. Also, for each amount of taxable income, compute the average tax rate and the marginal tax rate.
a. taxable income of $72,000
b. taxable income of $90,000
c. taxable income of $380,000
d. taxable income of $690,000
This is all the information that was given.
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