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Research Exercise #1b: Working With the Tax Law1. What is the title of Internal Revenue Code §1?2. What is the tax base per IRC §1?3.What is the amount of income that issubject to the highestmarginal tax rateunder IRC §1?4. What is the highest marginal tax rate under IRR§1.1-2 for tax years ending before 1/1/1971?5. What is the tax base per IRC §11? (In otherwords, per §11, what constitutesthe "items" to beincluded in the tax base?)