Compute the acerage tax rate and marginal tax rate

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Question - Tax Rates. Based on the amounts of taxable income below, compute the federal income tax payable in 2013 on each amount assuming the taxpayer is married filing a joint return. Also, for each amount of taxable income, compute the acerage tax rate and marginal tax rate.

a. Taxable income of $30,000

b. Taxable income of $100,000

c. Taxable income of $375,000

d. Taxable income of $600,000

Reference no: EM131913904

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