Between 2020 and 2021, the income received by a company located in a city rose from $5,000,000
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Between 2020 and 2021, the income received by a company located in a city rose from $5,000,000 to $6,000,000. The annual city income taxes that the company paid increased from $250,000 to $500,000. What was the company’s average city income tax rate in each year?
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