What is the dollar amount of your federal tax liability

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Reference no: EM13267777

Imagine that your total gross income for the year is 103.6 thousand. After all the deductions and exemptions, you find that your taxable income is 84.4 thousand. Assume the federal tax brackets are as follows:

0-9k: 10%
9-36k: 15%
36-88k: 25%
88-183k: 28%
183-398k: 33%

What is the dollar amount of your federal tax liability?

Reference no: EM13267777

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