Use the marginal tax rates in the table below to compute


Use the marginal tax rates in the table below to compute the tax owed in the following situation. GeneGene is married filing separatelymarried filing separately withwith a taxable income of ?$68,000. Tax Rate Single Married Filing Separately ?10% up to? $8,925 up to? $8,925 ?15% up to? $36,250 up to? $36,250 ?25% up to? $87,850 up to? $73,200 ?28% up to? $183,250 up to? $111,525 ?33% up to? $398,350 up to? $199,175 ?35% up to? $400,000 up to? $400,000 standard deduction ?$6100 ?$6100 exemption? (per person) ?$3900 ?$3900.

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Financial Management: Use the marginal tax rates in the table below to compute
Reference No:- TGS02326395

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