If Kathie Barnes earns $50,000 and Katie Harvey earns $500,000 a year, they both will pay Social

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If Kathie Barnes earns $50,000 and Katie Harvey earns $500,000 a year, they both will pay Social Security tax . (LO5 )

a) at the same average tax rate

b) but Kathie Barnes will pay at a higher average tax rate

c) but Katie Harvey will pay at a higher average tax rate

d) but it is impossible to tell what their average tax rates are

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Economics

ISBN: 125375

10th Edition

Authors: Stephen Slavin

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