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Assume That a Person Earns $600 Per Day at a Certain

Question 51

Multiple Choice

Assume that a person earns $600 per day at a certain job. If the marginal tax rate is cut from 40% to 30%, then this person's after-tax daily earnings will:


A) Decrease from $240 to $180
B) Increase from $480 to $540
C) Decrease from $540 to $480
D) Increase from $360 to $420

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