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Assume that in a given country, tax revenues, T, depend on income, I, according to the formula T = -4000+ 0.2I You are to fill
Assume that in a given country, tax revenues, T, depend on income, I, according to the formula
T = -4000+ 0.2I
You are to fill the given table given the level of income.
Income Tax Liability Average Tax Rate Marginal Tax Rate
$2,000
3,000
5,000
10,000
30,000
please note i am looking for the answers of tax liability, average tax rate and marginal tax rate with the given income.
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