Determine the tax liability using the tax tables

Reference no: EM132688025

Question 1: If the federal tax system was changed to a proportional tax rate structure with a tax rate of 17%, calculate the amount of tax liability for 2017 for all taxpayers. How does this amount differ from the actual liability?

Question 2: Cameron is single and has taxable income of $88,806. Determine his tax liability using the tax tables and using the tax rate schedule. Why is there a difference between the two amounts?

Attachment:- Federal tax.zip

Reference no: EM132688025

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