In Taxland, the first $5,000 earned per year is exempt from taxation. Between $5,000 and $20,000, the
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Question:
Instructions
Round your answers to the nearest whole number.
a. How much in taxes will you have to pay?
b. What is your average tax rate?
percent.
c. What is your marginal tax rate?
percent.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: