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An individual has taxable income of $50,000. Her tax schedule is shown below. From $0 to $10,000 10% From $10,001 to $50,000 20% $50,001 and
An individual has taxable income of $50,000. Her tax schedule is shown below. From $0 to $10,000 10% From $10,001 to $50,000 20% $50,001 and above 30% What is her average tax rate (show your work in Canvas)? What is her marginal tax rate (briefly explain your work in Canvas)
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