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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Tax Rates, latesha, a single taxpayer, had the following income and deductions for the year 2009. INCOME Salary $60,000 Business Income $25,000 Intrest income(bonds)$10,000 Tax-exempt bond interes $ 5,000 ________ TOTAL INCOME $100,000 DEDUCTIONS: Business Expenses $ 9,500 Itemized deductions $20,000 Personal exemption $ 3,650 ---------- TOTAL DEDUCTIONS $33,150 1. Compute Latesha's taxable income and federal tax liability for 2009. 2. Compute Latesha's marginal, average, and effective tax rate. 3. for tax planning purpose which of the three rates in part 2 is the most important?
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