31 - Under $15,000 range = $3,065,745,000 37,316,940 = $82...

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36. Using the information in Table 1-3, determine the amount of average tax liability per tax return, in dollars, for each income range provided. Answer: In each case, the average tax liability per return is calculated by dividing the total tax liability by the number of tax returns. Remember that the total tax liability is shown in thousands so you need to add three zeros to the tax liability number provided.
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Unformatted text preview: Under $15,000 range = $3,065,745,000 / 37,316,940 = $82 $15,000 to under $30,000 range = $23,788,480,000 / 29,498,595 = $806 $30,000 to under $50,000 range = $62,128,560,000 / 24,486,862 = $2,537 $50,000 to under $100,000 range = $178,512,551,000 / 28,166,641 = $6,338 $100,000 to under $200,000 range = $175,205,533,000 / 9,735,569 = $17,996 $200,000 or more range = $388,995,463,000 / 3,021,436 = $128,745...
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