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. A person earning $35,000 pays an income tax of
A) $1,000.
B) $1,500.
C) $2,000.
D) $3,500.
Correct Answer:
Verified
Correct Answer:
Verified
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