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If Leonardo Instead Had $30,000 of Additional Tax Deductions for Year

Question 8

Multiple Choice

If Leonardo instead had $30,000 of additional tax deductions for year 2014, his marginal tax rate (rounded) on the deductions would be:

A) 28.00%
B) 25.00%
C) 25.57%
D) 17.07%
E) None of these

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