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QUESTION
fred is single and earns 40000 in taxable income. he uses the following tax rate schedule to calculate the taxes he owes. his category is 25%.
fred is single and earns 40000 in taxable income. he uses the following tax rate schedule to calculate the taxes he owes. his category is 25%. then it says calculate the dollar amount of taxes that fred owes. and the answer is 6747.50.
