Please use the 2020 Tax Tables and 2020 Tax Rate Schedules Determine the average...
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Please use the 2020 Tax Tables and 2020 Tax Rate Schedules
Determine the average tax rate and the marginal tax rate for each of the following instances: Use the appropriate Tax Tables and Tax Rate Schedules. a. A married couple filing jointly with taxable income of $33,991. b. A married couple filing jointly with taxable income of $207,277. c. A married couple filing separately, one spouse with taxable income of $44,885 and the other with $57,218. d. A single person with taxable income of $80,436. e. A single person with taxable income of $320,194. f. A head of household with taxable income of $97,592. g. A qualifying widow with taxable income of $15,019. h. A married couple filing jointly with taxable income of $12,216. (For all requirements, when computing average tax rate, use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100,000. Round "Average tax rate" to 1 decimal place.)
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