Marissa just got hired at a new job for an annual salary of $112,950. After the standard
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Marissa just got hired at a new job for an annual salary of $112,950. After the standard deduction, her taxable income will be $100,000. Use the marginal tax rates shown in Figure 9 to calculate how much she will owe in income taxes if she has no other income and no additional deductions. What share of her income would she be paying in taxes?
Figure 9
Transcribed Image Text:
State and local goverment tax revenue Corporate taxes 3.3% Other, 7% Individual income taxes 23% Property taxes 32% Sales and excise taxes 35%
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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