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Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would
Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that is, an income tax that would simply be 17% of each tax payers taxable income. Suppose that Alice was single in the year 2020 with a taxable income of $30,000 and that Joe was single in the year 2020 with a taxable income of $300,000 . If the 17% flat tax proposed by Mr. Forbes had been in effect in 2020, what would Alices tax have been? (Enter your answer to the nearest dollar.)
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