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Suppose Ms. Sanchez has a total income of $160,000, a taxable income of $120,000, and pays $30,000 in taxes. What is Mrs Sanchez' nominal tax

Suppose Ms. Sanchez has a total income of $160,000, a taxable income of $120,000, and pays $30,000 in taxes. What is Mrs Sanchez' nominal tax rate and effective tax rate?

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