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If the tax code exempts the first $20,000 of income from taxation and then taxes 25 percent of all income above that level, then a
If the tax code exempts the first $20,000 of income from taxation and then taxes 25 percent of all income above that level, then a person who earns percent and a marginal tax rate of $50,000 has an average tax rate of percent. O 15, 25 O 25, 15 O 25, 30 O 30, 25
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