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2. Calculate the effective tax rate for someone earning $50,000 in income. Income Bracket Marginal Tax Rate 0% (0 - $10,000) ($10,001 - 25,000) 10%
2. Calculate the effective tax rate for someone earning $50,000 in income. Income Bracket Marginal Tax Rate 0% (0 - $10,000) ($10,001 - 25,000) 10% ($25,001 - 40,000) 15% ($40,001 - 50,000) 20%
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