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Assume that the marginal tax rate is as follows: 10% for $0-$10,000 15% for $10,000.01-$25,000 20% for $25,000.01-$50,000 and 25% for $50,000.01 or more. What

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Assume that the marginal tax rate is as follows: 10% for $0-$10,000 15% for $10,000.01-$25,000 20% for $25,000.01-$50,000 and 25% for $50,000.01 or more. What would you expect the tax to be if a person's taxable income is $10,001. a) $0.15 b) $0.00 Oc) $1,000.00 d) $1,500.15 e) $1,500.00 f) $1,000.15

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