An example of how to calculate the tax liability using the, Accounting Basics

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An example of how to calculate the tax liability using the

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following:

An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filing jointly.
An explanation of the marginal tax rate and average tax rates for this tax payer.

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Accounting Basics: An example of how to calculate the tax liability using the

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