Multiple Choice
Suppose the tax rate on the first $10,000 of income is zero;10% on the next $20,000;20% on the next $20,000;30% on the next $20,000;and 40% on income over $70,000.Family C has an income of $100,000.What is family C's average tax rate?
A) 40%
B) 22%
C) 30%
D) 20%
Correct Answer:
Verified
Correct Answer:
Verified
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