Jocelyn's filing status is head of household and had AGI of $106,000 in 2023. Her total itemized deduction amount is $12,000 a. What is her taxable income? b. What is her income tax liability? c. What is her marginal tax rate? d. What is her average tax rate?
Jocelyn's filing status is head of household and had AGI of $106,000 in 2023. Her total itemized deduction amount is $12,000 a. What is her taxable income? b. What is her income tax liability? c. What is her marginal tax rate? d. What is her average tax rate?
Chapter3: Income Sources
Section: Chapter Questions
Problem 66P
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![Jocelyn's filing status is head of household and had AGI of $106,000 in 2023. Her total itemized deduction amount is $12,000
a. What is her taxable income?
b. What is her income tax liability?
c. What is her marginal tax rate?
d. What is her average tax rate?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5a8e243-3ab9-4bcd-957e-01a722526809%2Fa50db7a6-0e81-4103-8b21-2ec6154204c0%2F3hnnm98_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Jocelyn's filing status is head of household and had AGI of $106,000 in 2023. Her total itemized deduction amount is $12,000
a. What is her taxable income?
b. What is her income tax liability?
c. What is her marginal tax rate?
d. What is her average tax rate?
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