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Find how much federal income taxes did pay

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Reference no: EM132995742

Problem 1: You received $12,000 in interest revenue during the year. Your federal marginal tax rate was 26% and average tax rate was 20%. How much federal income taxes did you pay?

Select one:

a. $950
b. $3,300
c. $3,120
d. $2,450
e. $3,650

Reference no: EM132995742

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