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    Principles of Economics Study Set 8
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    Exam 12: The Design of the Tax System
  5. Question
    If Christopher Earns $80,000 in Taxable Income and Pays $20,000
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If Christopher Earns $80,000 in Taxable Income and Pays $20,000

Question 155

Question 155

True/False

If Christopher earns $80,000 in taxable income and pays $20,000 in taxes, his average tax rate is 20 percent.

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