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For 2017, Tom Has Taxable Income of $48,005

question 85

Essay

For 2017, Tom has taxable income of $48,005. When he uses the Tax Tables, Tom finds that his tax liability is higher than under the Tax Rate Schedules.
a.Why is there a difference?
b.Can Tom use the Tax Rate Schedules?


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Appellate Court

An appellate court is a higher court that reviews the decisions of lower courts to ensure the correct application of the law.

Probate Court

A specialized court that deals with matters concerning the estate of deceased persons, including the distribution of assets and adjudication of wills.

Bankruptcy Court

A specialized federal court that deals with cases involving bankruptcy filings and related legal issues.

Federal Court Judges

Officials appointed to preside over cases within the United States federal court system, responsible for applying federal law.

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