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    Modern Principles of Economics Study Set 2
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    Exam 34: The Federal Reserve System and Open Market Operations
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Question 2

Question 2

Multiple Choice

Figure: U.S. Marginal and Average Tax Rates Figure: U.S. Marginal and Average Tax Rates   Reference: Ref 17-1 (Figure: U.S. Marginal and Average Tax Rates)  According to the figure, an individual who earns $150,000 a year has an approximate average tax rate of A)  28 percent. B)  25 percent. C)  21 percent. D)  15 percent. Reference: Ref 17-1 (Figure: U.S. Marginal and Average Tax Rates) According to the figure, an individual who earns $150,000 a year has an approximate average tax rate of


A) 28 percent.
B) 25 percent.
C) 21 percent.
D) 15 percent.

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