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(TABLE CAN'T COPY)What was the range of federal income taxes a person in tax bracket III would pay the IRS?
Step 1
The minimum tax is when their income is exactly at the lower limit of the bracket, which is \$31,850. According to the table, the tax for this income is \$4,386.25. So, the minimum tax is \$4,386.25. \[T_{min} = \$4,386.25\] Show more…
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