The Coolidge family had taxable income of $165,000 in 2006. They live in a state in which

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The Coolidge family had taxable income of $165,000 in 2006. They live in a state in which income over $100,000 is taxed at 11%. What was their total effective (marginal) tax rate?

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Question Posted: Sep 13, 2012 03:30 AM

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The Coolidge family had taxable income of $165,000 in 2006. They live in a state in which

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Write Equation 21 and substitute from the problem noticing that the Coolidges marginal tax ...View the full answer

Practical financial management

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