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The table below shows the tax brackets for different income groups in a country: Refer to the table above. If Jack has an annual income

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The table below shows the tax brackets for different income groups in a country: Refer to the table above. If Jack has an annual income of $50,000 and Jill earns $77,500, which of the following is TRUE? The average rates of tax paid by Jack and Jill are equal. Jack and Jill fall in the same tax bracket. The marginal tax rate for Jack is higher than the marginal tax rate for Jill. Jack and Jill pay an equal amount of tax. In 2020, the US tax bracket for a single individual were as follows: Use the information on tax brackets in 2020 to answer this question. What is the marginal tax rate for someone who had taxable income of $60,000 in 2020? 15% 12% 22% 24%

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