Q-1
Cameron is single and has taxable income of $84,192. Determine his tax liability using the Tax Tables and using the Tax Rate Schedule. Why is there a difference between the two amounts? Answer: Cameron’s tax using the tax tables is $16,815. His tax using the tax rate schedules is $16,819.25. There is a $4.25 difference between the two amounts because the tax tables are based on taxable ... ................
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