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Van is considering getting a part-time job that pays a monthly income of $2,000. Currently, Van is getting monthly cash benefits of $750, food stamp
Van is considering getting a part-time job that pays a monthly income of $2,000. Currently, Van is getting monthly cash benefits of $750, food stamp benefits of $400, and Medicaid benefits valued at $180. If Van accepts the job, all transfer benefits will be lost, and the monthly employment taxes will amount to $800. What is Van's marginal tax rate for this job? (Note: Please round your answer to two decimal places.)
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