Accounting -Jeremy earned $115,000 in salary and $7000 in qualified dividends during the year

| January 31, 2017

Question
Jeremy earned $115,000 in salary and $7000 in qualified dividends during the year. Jeremy has two qualifying dependent children who live with him and has $21,000 in itemized deductions. What is Jeremy’s AGI? Tax Liability? Average Tax Rate? Marginal Tax Rate?

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