If federal income tax rates are zero for the first $20 000 of income and 25 per
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If federal income tax rates are zero for the first $20 000 of income and 25 per cent for all income above that level, then a person who earns $50 000 has an average tax rate of per cent and a marginal tax rate of per cent.
a 15, 25 b 25, 15 c 25, 30 d 30, 25
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Related Book For
Principles Of Microeconomics [Australia And New Zealand Edition]
ISBN: 9781337408066
6th Edition
Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw
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