Determine the tax liability and marginal tax rate

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Question - Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. (Use the tax tables to compute tax liability. Round "Average tax rate" to 2 decimal places.)

Use the Form 1040EZ Tax Tables and Tax Rate Schedules.

1. Married taxpayers, who file a joint return, have taxable income of $76,792.

2. Married taxpayers, who file a joint return, have taxable income of $97,137.

Reference no: EM131622403

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