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    This Year, Emily Earned $2,000 More Than Last Year
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This Year, Emily Earned $2,000 More Than Last Year

Question 98

Question 98

Multiple Choice

This year, Emily earned $2,000 more than last year. As a result, she received $500 less in government transfers. Therefore, Emily's implicit marginal tax rate is


A) 15 percent.
B) 25 percent.
C) 40 percent.
D) 75 percent.

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