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Suppose the tax rate is 1 0 % on the first $ 2 0 , 0 0 0 of taxable Income and 2 5 %

Suppose the tax rate is 10% on the first $20,000 of taxable Income and 25% for any income above $20,000. What is your effective tax rate if your income is $60,000?
a)10% b)15% c)20% d)25%

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