Taxable income Rate Using the previous tax table, compute the tax liability for the individual in the scenario presented

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answerhappygod
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Taxable income Rate Using the previous tax table, compute the tax liability for the individual in the scenario presented

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Taxable income
Rate
Using the previous tax table, compute the tax liability for theindividual in the scenario presented, rounding the liability to thenearest dollar. In addition, use the dropdown lists to identify themarginal tax rate and average tax rate for the individual in thescenario.
Kevin’s Tax Scenario
Kevin is a young professional with taxable income of $120,500 asan advertising account executive. What is Kevin’s total taxliability? (Note: Round your answer to the nearest cent, ifnecessary.)
What is Kevin’s top marginal tax rate?
What is Kevin's average tax rate?
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