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Song earns $305,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $61,000 of tax). a. If
Song earns $305,000 taxable income as an interior designer and is taxed at an average rate of 20 percent (i.e., $61,000 of tax). |
a. | If Congress increases the income tax rate such that Song |
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