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Suppose a certain business pays 10.0% tax on its first $10,000 in come, 12.0% tax on income above $10,000 but below $40,000, and 22.0% tax

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Suppose a certain business pays 10.0% tax on its first $10,000 in come, 12.0% tax on income above $10,000 but below $40,000, and 22.0% tax on income above $40,000. Suppose the business earns $50,000 in income this year. It's marginal tax rate is 12.0% greater than 22.0% 13.6% 22.0%

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