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Matt's personal tax rates are shown below. His income last year was $ 1 2 5 , 0 0 0 and the first $ 1
Matt's personal tax rates are shown below. His income last year was $ and the first $ that
he earned is taxexempt,
A how much income tax will he pay?
B Calculate his marginal tax rate.
C Calculate his average tax rate.
Income Tax rate
First $
over $ up to $
over $ up to $
over $ up to $
over up to $
over $ up to $
over $
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