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Table 18-10 Table 18-10 Shows the Income Tax Brackets and Tax Rates

Question 43

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Table 18-10
Table 18-10 Table 18-10 shows the income tax brackets and tax rates for single taxpayers in Bauxhall. -Refer to Table 18-10.A tax exemption is granted for the first $10,000 earned per year.Suppose you earn $75,000. a.What is the amount of taxes you will pay? b.What is your average tax rate? c.What is your marginal tax rate?
Table 18-10 shows the income tax brackets and tax rates for single taxpayers in Bauxhall.
-Refer to Table 18-10.A tax exemption is granted for the first $10,000 earned per year.Suppose you earn $75,000.
a.What is the amount of taxes you will pay?
b.What is your average tax rate?
c.What is your marginal tax rate?

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a.($6,000 × 0.10)+ ($14,000 × ...

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