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 average tax rate for a person earning $35,000 is
A) 0 percent.
B) 3.5 percent.
C) 4.3 percent.
D) 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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