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Suppose Ms

Question 88

Multiple Choice

Suppose Ms.Sanchez has a total income of $200,000,has a taxable income of $120,000,and pays $40,000 in taxes.Considering the information,what is Ms.Sanchez's effective tax rate?


A) 25.0 percent.
B) 20.0 percent.
C) 33.3 percent.
D) 60.0 percent.

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