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Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $205,000. Round your answers to two decimal places.

What is their federal tax liability?

$  

What is their marginal tax rate?

    %

What is their average tax rate?

    %

Financial Management, Finance

  • Category:- Financial Management
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