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Calculate the total tax (FICA and marginal income taxes) owed by each individual in the following pair Compare their overall tax rates on gross income. Assume that both individualsare single, have no adjustments to income, and take the standard deduction. Use the tax rates in the given table and the special rates for the dividends and capital gainsPierre earned 129,500 in wages. Katarina earned129,500, all from dividends and long-term capital gainsClick the icon to view the tax rate information.
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