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    Microeconomics Study Set 2
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    Exam 18: Public Choice, Taxes, and the Distribution of Income
  5. Question
    If You Pay $14,000 in Taxes on an Income of $125,000
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If You Pay $14,000 in Taxes on an Income of $125,000

Question 178

Question 178

Essay

If you pay $14,000 in taxes on an income of $125,000, and $17,400 in taxes on an income of $144,000, what is your marginal tax rate? Show your work.

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