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You Earned $20,000 in Taxable Income

Question 25

Multiple Choice

You earned $20,000 in taxable income.The tax rate on the first $10,000 is 10%.The tax rate on income between $10,001 and $20,000,inclusive,is 20%.Your tax is ________.


A) $10,000
B) $1,000
C) $2,000
D) $3,000
E) $4,000

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