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Goverment G levies an income tax with the following rate structure Percentage Rate 10 29 Bracket Income from -2- to $30,000 Income from $30,001 to
Goverment G levies an income tax with the following rate structure Percentage Rate 10 29 Bracket Income from -2- to $30,000 Income from $30,001 to $70,000 Income from $70,001 to $200,000 Income in excess of $200,000 Taxpayer O earns $50,000 annually during years 1 through 10. Taxpayer P earns $20,000 annually during years 1 through 5 and $80,000 annually during years 6 through 10. Assume the tax rate bracket has not changed. a. How much total income does each taxpayer earn over the 10-year period? b. Compute each taxpayer's average tax rate for the 10-year period. Complete this question by entering your answers in the tabs belo Required A Required a Required B Required B How much total income does each taxpayer earn over the 10-year period? Total Income Taxpayer Taxpayer P Required B > Prev 4 of 4 !!! Score answer >
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