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Calculate the total income taxes due

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Reference no: EM133035262

Question - Based on the 2019 Federal Income Tax Bracket tables provided with this exam (see following pages), calculate the total income taxes due (before deductions, exemptions, and credits) for the following three individuals: (a) Muriel Modest: Annual Income $21,000 (Muriel is a married and filing jointly); (b) Matthew Median: Annual Income $60,336 (Matthew is a Head of Household-note that this is the Median income in the United States for 2017 according to the Census); (c) Miranda Moneybags: Annual Income $3,141,592 + $66,600,000 in Capital Gains (Miranda is single).

Reference no: EM133035262

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