What is their federal tax liability

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Question: Dave and Gina 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 $229,000. Do not round intermediate calculation.

You pay this amount per table tax bracket 29,211.00 plus 24% (over excess (marginal rate) average tax rate at the top of bracket is 20.4

What is their federal tax liability? Round your answer to the nearest dollar.

What is their marginal tax rate? Round your answer to the nearest whole number.

What is their average tax rate? Round your answer to two decimal places.

Reference no: EM133496081

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