Assignment Type:Individual Project Deliverable
Length:1-2 pages Points Possible:125
Due...

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Assignment Type:Individual Project Deliverable 
Length:1-2 pages Points Possible:125 
 Due Date:5/12/2013 11:59:59 PM CT  APA formatted References Due May 8th 2 a.m.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.

Be clear in our elaboration s that Ms. Dunham, a person with no business or 
tax background, can understand.

David · Accepted Answer

Date: - 13/05/2013 
To Ms Dunham, 
Thanks for giving me opportunity to calculate tax liability and marginal tax rate for you. The 
tax slab for the married individuals is given below:- 
If taxable income is over-
- 
But not over-
- 
The tax is: 
$0 $17,400 10% of the amount over $0 
$17,400 $70,700 $1,740.00 plus 15% of the amount over 17,400 
$70,700 $142,700 $9,735.00 plus 25% of the amount over 70,700 
$142,700 $217,450 $27,735.00 plus 28% of the amount over 142,700 
$217,450 $388,350 $48,665.00 plus 33% of the amount over 217,450 
$388,350 no limit 
$105,062.00 plus 35% of the amount over 
388,

Assignment Type: Individual Project Deliverable Length: 1-2 pages Points Possible: 125 Due Date: 5/12/2013 11:59:59 PM CT APA formatted References Due May 8th 2 a.m. Another client, Ms. Dunham, has...

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