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Hi, can someone please help me fill in these blanks? I do not know what goes there. Also, the top part is the example my
Hi, can someone please help me fill in these blanks? I do not know what goes there. Also, the top part is the example my teacher gave but i'm not sure how she got those.
thanks
Probability of the scenario occurring: If Tax Rate is: If Tax Rate is: If Tax Rate is: ncome Scenarios Taxable Income 7% 5% 3% ncome Increases by 5% 2100000 0.05 0.10 0.15 ncome Remains the Same 2000000 0.15 0.20 0.15 ncome Decreases by 5% 1900000 0.10 0.05 0.05 Probability of the scenario occurring: Income Scenarios Income Increases by 7% Income Remains the Same Income Decreases by 7% Taxable Income 28,890,000 27,000,000 25,110,000 If Tax Rate If Tax Rate If Tax Rate is 9%, taxes is 7%, taxes is 5%, taxes owed: 9% owed is: 7% owed is: 5%
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Microeconomics An Intuitive Approach with Calculus
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