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Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $54,200. Tax rate 10 % 12 % 22% 24 % 32 % 35 % 37 % 2020 Federal Tax Rates for Individuals Taxable Income Bracket $0 to $9875 $9876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more

Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $54,200. Tax rate 10 % 12 % 22% 24 % 32 % 35 % 37 % 2020 Federal Tax Rates for Individuals Taxable Income Bracket $0 to $9875 $9876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $54,200. Tax rate 10% 12% 22 % 24 % 32 % 35 % 37 % 2020 Federal Tax Rates for Individuals Taxable Income Bracket $0 to $9875 $9876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more
Transcribed Image Text:Use the 2020 Federal Tax Rates for Individuals to calculate the estimated taxes for a taxable income of $54,200. Tax rate 10% 12% 22 % 24 % 32 % 35 % 37 % 2020 Federal Tax Rates for Individuals Taxable Income Bracket $0 to $9875 $9876 to $40,125 $40,126 to $85,525 $85,526 to $163,300 $163,301 to $207,350 $207,351 to $518,400 $518,401 or more
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