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Marginal tax rates Using the tax rate schedule given here . perform the following: a. Find the marginal tax rate for the following levels
Marginal tax rates Using the tax rate schedule given here . perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $16,000; $61,600; $90,900; $155,000; $249,000; $455,100; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax income levels (measured on the x-axis).
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