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What is her average tax rate on the income

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Reference no: EM132088107

Question - Stephanie has taxable income of $48,200 and a tax liability of $7,913. If Stephanie's income increases by $4,000, her tax liability will be $8,913.

a. What is her average tax rate on the $48,200 of income?

b. What is her marginal tax rate?

Reference no: EM132088107

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