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Compute the tax rates for the three taxpayers shown in Table 33.1. Then use the table to answer the indicated question Taxable Taxes Paid Effective
Compute the tax rates for the three taxpayers shown in Table 33.1. Then use the table to answer the indicated question Taxable Taxes Paid Effective Tax Rate (Percent) Nominal Tax Rate (Percent) Income Income (Dollars) $100,000 Taspayer (Dollars) $200,000 100,000 60,000 (Dollars) $6,000 2 3 80,000 8,000 12.000 48,000 Table 33.1 Taxable Income and Tax Computations In Table 33.1, the nominal tax rate for taxpayer 2 is O 12.5 percent O 8.0 percent O 25.0 percent 10.0 percent
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