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Q38 Assume that you face the marginal tax rate schedule below and your income is $100,000. What is the total tax? Income Marginal RATE 0-50,000

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Assume that you face the marginal tax rate schedule below and your income is $100,000. What is the total tax? Income Marginal RATE 0-50,000 10% 50-120,000 30% 120,000+ 40%

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