Table 20.1   Taxable Income Range Marginal Tax Rate    …

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Tаble 20.1   Tаxаble Incоme Range Marginal Tax Rate       $0 tо $10,000                12%       $10,001 tо $24,500                18%       $24,501 to $68,000                27%       $68,001 and above                38% The table shows the taxable income range and marginal tax rates for a single taxpayer in Oceania.There are no exemptions or deductions on personal income taxes in Oceania.Refer to Table 20.1. The income tax paid by George, a single taxpayer with an income of $65,000, is

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