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Jurisdiction M Imposes an Individual Income Tax Based on the Following

Question 29

Multiple Choice

Jurisdiction M imposes an individual income tax based on the following schedule. Jurisdiction M imposes an individual income tax based on the following schedule.   Which of the following statements is true? A) If Mrs.Hall's taxable income is $227,000,her average tax rate is 12%. B) If Mr.Poe's taxable income is $41,200,his marginal tax rate is 8%. C) If Ms.Kaye's taxable income is $63,800,her marginal tax rate is 8%. D) None of the choices are correct. Which of the following statements is true?


A) If Mrs.Hall's taxable income is $227,000,her average tax rate is 12%.
B) If Mr.Poe's taxable income is $41,200,his marginal tax rate is 8%.
C) If Ms.Kaye's taxable income is $63,800,her marginal tax rate is 8%.
D) None of the choices are correct.

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