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    Principles of Taxation
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    Exam 14: The Individual Tax Formula
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    Mr and Mrs Steel, Who File a Joint Return, Have
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Mr and Mrs Steel, Who File a Joint Return, Have

Question 29

Question 29

Multiple Choice

Mr and Mrs Steel, who file a joint return, have $513,200 taxable income in 2018. Compute their regular tax liability.


A) $105,062
B) $130,999
C) $179,620
D) None of the above

Correct Answer:

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