Under the hypothetical tax code

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Under the Hypothetical Tax Code 1 (where the standard deduction and personal exemption still apply), if you earn $72,750.00 a year in total income, then what percentage of your total income would you pay in taxes? Report your answer as a percentage rounded to exactly two decimal places, e.g., 49.0185% would be entered as 49.02%, not 0.49. Standard deduction=6,300 personal exemption=4,000 Tax Code1= 20%

Reference no: EM131006327

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