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  3. paola is single and has taxable income of $94,825,

Paola is single and has taxable income of $94,825, which is taxed as follows: ...

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Accounting

Paola is single and has taxable income of $94,825, which is taxed as follows:

$10,275 10% = $ 1,027.50
($41,775 $10,275) 12% = 3,780.00
($89,075 $41,775) 22% = 10,406.00
($94,825 $89,075) 24% = 1,380.00
Total tax liability $ 16,593.50

Their average tax rate is:

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