Multiple Choice
If personal income up to and including $25,000 is not taxed,income of $25,001 to $50,000 is taxed at 10%,and income over $50,000 is taxed at 20%,then a family earning an income of $75,000 will pay a n AVERAGE tax rate of _____%.
A) 5
B) 7.5
C) 10
D) 20
Correct Answer:
Verified
Correct Answer:
Verified
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