What is the federal tax liability

Reference no: EM132056719

Problem: PERSONAL TAXES

Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $224,000. Round your answers to two decimal places.

What is their federal tax liability? $

What is their marginal tax rate? %

What is their average tax rate? %

Reference no: EM132056719

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