What is your taxable income

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Reference no: EM131882180

1. Assume this is the tax table for your filing situation:

Rate Applicable Amount 10% up to 10,456

15% from 10,456 to 37,931

23% from 37,931 to $91,000

What is your average tax rate if you make 59,119 in taxable income?

2. You are a single filer, and last year you made 48,000, Assuming you receive an exemption of 4,100 and a standard deduction of 5,800, what is your taxable income?

Reference no: EM131882180

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