Compute lateshaslateshas taxable income and federal tax


Latesha singletaxpayer, had the following income and deductions for the tax year 2015:

Requirements

a. Compute Latesha'sLatesha's taxable income and federal tax liability for 20152015.

b. Compute Latesha'sLatesha's marginal, average, and effective tax rates.

c. For tax planning purposes, which of the three rates in Part b is the most important?

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Accounting Basics: Compute lateshaslateshas taxable income and federal tax
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