Question
Suppose your annual income is $43,194 and there are two tax brackets: 10% for $0-$20,000 and 30% for everything above $20,000. What percentage of your
Suppose your annual income is $43,194 and there are two tax brackets: 10% for $0-$20,000 and 30% for everything above $20,000.
What percentage of your income will you pay in taxes? Enter your answer in decimal (0.07 for 7%).
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
