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Part 1

Marginal tax ratesUsing the tax rate schedule given here

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,

perform the following:

a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes:

$13,900;

$60,300;

$90,100;

$150,000;

$243,000;

$441,800;

and

$1

million.

b. Plot the marginal tax rates (measured on the

y-axis)

against the pretax income levels (measured on the

x-axis).

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Part 1

a. The marginal tax rate for earnings before taxes of

$13,900

is

enter your response here%.

(Round to the nearest integer.)