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Revenue increases by $200 and the cost of goods sold is 70%. What dollar amount of extra taxes will be owed if the marginal tax
Revenue increases by $200 and the cost of goods sold is 70%. What dollar amount of extra taxes will be owed if the marginal tax rate is 30%?
a) | 18 | |
b) | 70 | |
c) | 37.70 | |
d) 53.76 |
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