Marginal tax schedule, Given the following marginal tax

Marginal tax schedule

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Reference no: EM13937312

Given the following marginal tax schedule, what would be the tax on $70,000 of taxable income?

$0 to 50,000 15%

50,001 to 75,000 25%

75,001 to 100,000 34%

Reference no: EM13937312

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