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Suppose the Tax Rate on the First $20,000 Income Is

Question 6

Multiple Choice

Suppose the tax rate on the first $20,000 income is 0 percent; 10 percent on the next $20,000 earned; and 20 percent on any additional income earned. The marginal tax rate for a person earning $30,000 is


A) 10 percent.
B) 15 percent.
C) 20 percent.
D) more than 20 percent.

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