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Suppose the Government Used the Following Formula to Compute a Family's

Question 53

Multiple Choice

Suppose the government used the following formula to compute a family's tax liability: Taxes owed = 28% of income - $8,000. How much would a family that earned $150,000 owe?


A) $34,000
B) $42,000
C) $50,000
D) $68,000

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