Using the 2019 marginal tax rates provided in the table below,find the marginal and average tax rates for the incomes shown. Giveall answers to two decimals.
1st attempt
Part 1 (2 points)
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What would be your federal income tax if your taxable income was$130,000.00? $ What is the average tax rate for $130,000.00 in taxableincome? %
Part 2 (2 points)
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How much tax would you owe if your income increased by $25,000to $155,000.00? $ What would be your average tax rate with $155,000.00 oftaxable income? %
Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes s
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