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13. Use the following table to answer the next question. Taxable Income Tax Bracket 0 - $30,000 12% $30,000-$100,000 25% $100,000-above 40% If someone has
13. Use the following table to answer the next question.
Taxable Income | Tax Bracket |
0 - $30,000 | 12% |
$30,000-$100,000 | 25% |
$100,000-above | 40% |
If someone has a taxable income of $250,000, then their marginal tax rate on their first dollar earned is _____. If someone has a taxable income of $10,000, then their marginal tax rate on their first dollar earned is _____.
Group of answer choices
40%, 12%
25%, 40%
12%, 40%
12%, 12%
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