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If Personal Income Up to and Including $25,000 Is Not

Question 100

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 marginal tax rate of _____%.


A) 5
B) 7.5
C) 10
D) 20

Correct Answer:

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