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My Business Pays Tax on Income, and the Tax Paid

Question 3

Multiple Choice

My business pays tax on income, and the tax paid is a linear function of income.If my income is $10420 then the tax owed is $929.60.If my income is $11309 then the tax owed is $1000.72.How much tax do I owe if my income is $11874? ​


A) $1045.92
B) $1046.18
C) $949.92
D) $950.03

Correct Answer:

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