MindTap - Cengage Learning9.pdf - Search this course...

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Points:1 / 1< Back to AssignmentAttempts: 22Keep the Highest: 2 / 42. Taxes paid for a given income levelSam is getting ready to do his taxes. He is single and lives in San Diego. Sam earned $50,000 in taxable income in 2015. He reviews the followingtable, which shows the IRS tax rates for a single taxpayer in 2015.Based on the IRS table, Sam calculates that his marginal tax rate is25% when his annual taxable income is $50,000.On Annual Taxable Income...The Tax Rate Is...(Percent)Up to $9,22510.0From $9,225 to $37,450

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