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If Maureen Lives in a Country Where No Taxes Are

Question 6

Multiple Choice

If Maureen lives in a country where no taxes are levied on the first $20,000 of income and a 10% tax is levied on all income above $20,000, what is her marginal tax rate if she has an average tax rate of 5%?


A) 5%
B) 10%
C) 15%
D) 25%

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